DXY appears lateralized at the upper end of the recent range. Immediately on the upside comes the yearly high near 104.20. The US Dollar Index (DXY) trades with no clear direction below Monday’s 19-year highs around 104.20. Based on recent price action, the index could face some consolidation in the near term. The break above […]
Tag: DollarIndex
US Dollar Index (DXY) finds support around 103.50
DXY bears find initial support around 103.50. US yields are now reversing early gains and trading defensively. US wholesale inventories, short-term invoice auctions come next. The US dollar index (DXY), which tracks the dollar against a basket of its main competitors, retraces part of the initial rally above 104.00 on Monday. US dollar index looks […]
US Dollar Index (DXY): Further Gains Now Target 105.00 and Beyond
The US Dollar Index (DXY) hits fresh cycle highs near 104.20 on Monday. The continuation of the bullish stance could reach 105.00. The US Dollar Index (DXY) extends the move higher and reaches new highs in the area of ​​104.20 at the beginning of the week. That said, if the bounce accelerates further, then the […]
US Dollar Index (DXY) trims losses and returns to the 103.50 zone
DXY found some selling bias after hitting fresh 19-year highs. US nonfarm payrolls increased by 428,000 jobs in April. The unemployment rate was unchanged at 3.6% last month. The US dollar index (DXY), which tracks the dollar against a basket of key rival currencies, now alternates gains with losses at 103.50 on Friday. Listless US […]
The bullish outlook remains unchanged
DXY index hits new highs just above 104.00. The next level to the upside emerges at the 105.32 level. The US dollar index (DXY) is under some selling pressure after reaching new 19-year highs beyond 104.00 on Friday. The underlying bullish outlook for the dollar remains in place for now. That said, further gains above […]
US dollar index DXY keeps rising and targets 104.00 ahead of NFP
The DXY index extends Thursday’s gains and approaches the 104.00 level. US yields are trading mixed on Friday. The US Non-Farm Payrolls will be the focus of investors later in the session. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends Thursday’s strong rally and trades […]
Bullish extension could lead to a test of 104.00
DXY reverses sharply after two consecutive daily pullbacks. Further dollar bounce points to 2022 high near 104.00. The US Dollar Index (DXY) quickly leaves recent weakness behind, including the post-FOMC low near 102.30, and refocuses on the upper end of the recent range. That said, if the bounce accelerates, then the index could challenge the […]
US dollar index DXY regains smile and targets 103.00
The DXY index rebounds from lows in the 102.30 region. US yields try to recover after the post-Fed slump. Initial jobless claims stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, manages to leave Wednesday’s setback behind and advances modestly Thursday. […]
A break above 104.00 seems to be up to the Fed
DXY remains directionless around 103.50 ahead of the FOMC. The resumption of increases could lead to a test of the 2022 maximum. The US Dollar Index (DXY) trades mixed on Wednesday around 103.50 in trading ahead of the ADP report and Fed decision. The price action on the DXY continues to point to some consolidation […]
US dollar index DXY looks anxious around 103.50 on Fed day
The DXY index extends the sideways move in the 103.50 region. US yields resume rally ahead of FOMC event. The Fed is expected to raise the benchmark rate by 50 basis points on Wednesday. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, alternate gains with losses […]
