DXY is under intense selling pressure and is approaching 103.00. US yields reverse initial upside and refocus downside. Factory orders, JOLTs job openings come next on the economic docket, The dollar moderated Monday’s rally and retreats to the 103.00 area when measured by the US dollar index (DXY) on Tuesday. US Dollar Index Weakens on […]
Tag: DollarIndex
Next upside target at 104.00
The DXY index is seeing some selling interest around 103.70 on Tuesday. Resumption of the rise could see the yearly high revisited. The DXY partially retraces Monday’s moderate advance and is under downward pressure around 103.40. The price action in the DXY index continues to support the resumption of the uptrend from the beginning of […]
US Dollar Index DXY Resumes Rise Above 103.00 Ahead of Key Data
DXY index leaves Friday’s pullback behind and climbs back above 103.00 US yields extend the recent rally and move higher. The ISM Manufacturing PMI will be the highlight during the American session. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, regains traction on the upside and […]
Corrective drop could extend to 101.00
The US Dollar Index (DXY) retreats from Thursday’s 19-year high near 104.00. A deeper correction could extend to the 101.00 area. After hitting two-decade highs around 104.00, the US dollar index (DXY) finally faces a downward correction at the end of the week. There is still room for further decline as the index continues to […]
US Dollar Index DXY under pressure near 103.00 ahead of PCE
The DXY index faces some selling sentiment and retests the 103.00 zone. US yields move in consolidation near recent highs. US PCE inflation will focus investors’ attention later in the American session. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, faces a corrective decline and approaches […]
Forex Today – Asian Session: DXY hits two-decade highs at 104.00
What you need to know on Friday, April 29: Despite a surprise drop in inflation-adjusted economic activity in the US in the first quarter of 2022 according to the latest GDP release, the US dollar advanced broadly on Thursday. The Dollar Index (DXY), a trade-weighted basket of major USD currency pairs, broke through its 2017 […]
Still waiting for a technical fix
The DXY index hits highs at levels last seen 19 years ago. Further gains in the dollar could lead to a test of the 104.00 level. There is no change in the dollar’s bullish stance as the DXY index rally faltered just below the 104.00 level on Thursday, an area last seen in January 2002. […]
US dollar index DXY extends rally to new highs near 103.70
DXY index advances to fresh 5-year highs well above 103.00. US yields reverse some of Wednesday’s bounce. Advanced fourth quarter GDP figures and weekly 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, is moving higher and rises to […]
EUR/USD falls below 1.0500, hits lowest level since January 2017
EUR/USD falls to fresh five-year lows, downside bias remains intact The US dollar remains higher after the rally in USD/JPY. The EU-Russia energy crisis is in focus pending German inflation and US GDP. EUR/USD is trading below 1.0500, sitting at the lowest level since January 2017 having dropped to 1.0481, as bears look to extend […]
Forex Today – Asian Session: DXY Hits Five-Year Highs Above 103.00, Yen Rises, Euro Falls
What you need to know on Thursday, April 28: A sharp reversal of the yen’s recent strength on Wednesday, which lacked a clear trigger, saw the US dollar reclaim the top spot on the G10 daily performance chart and saw the US dollar index (DXY) hit a new high. maximum of 5 years. DXY rallied […]
