The DXY gathers extra strength and breaks 103.00. Preliminary results showed a trade deficit of 125.32 billion dollars in March. US yields remain in positive territory so far on Wednesday. The dollar, measured by the US dollar index (DXY), is trading at levels last seen over five years ago, breaking above the 103.00 level on […]
Tag: DollarIndex
US dollar index DXY rises to new highs around 102.70
The DXY index rises to fresh highs well above the 102.00 level. US yields recover slightly, reversing recent weakness. Mortgage applications, trade balance and pending home sales stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, remains firm above the 102.00 […]
Forex Today – Asian Session: Safe Haven Currencies Continue to Outperform
What you need to know on Wednesday, April 27: Currency trading was once again dominated by risk-off flows on Tuesday, with the yen the safe haven and the US dollar the result, as US stocks tumbled. Traders cited everything from the risk of a Chinese blockade, rising economic and military tensions between Russia and NATO […]
A technical correction should not be ruled out
The DXY index makes new highs just above 102.00 on Tuesday. Additional gains could lead to a test of the 2020 high near 103.00. The dollar’s bullish bias remains intact pushing the US Dollar Index (DXY) to new highs since March 2020 above the 102.00 barrier on Tuesday. The current sharp rally has just entered […]
US dollar index DXY moves higher and approaches 102.00
The DXY index extends the bullish momentum near the 102.00 level. US yields extend the corrective decline along the curve. BC consumer confidence and housing sector data stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, remains firm and trades near […]
Recovery remains capped below 1.0746
EUR/USD tries to bounce back above 1.0700. EUR bulls lack conviction amid bearish technical pattern. The pair needs to convincingly recover 1.0746 to consolidate the rally. EUR/USD is attempting to consolidate the recovery above 1.0700, although the bulls lack continuation, despite improving market sentiment and a broad pullback in the US dollar. According to news, […]
Bullish flag on the daily chart, the focus is on the BoJ
USD/JPY is on the defensive amid falling USD and upbeat Japanese data. The improving sentiment is helping the pair recover ahead of the US data. A bullish flag pattern is forming on the daily chart, awaiting the BoJ on Thursday. After failing to find acceptance above 129.00 last week, USD/JPY sellers have regained control as […]
Forex Today – Asian Session: Yen Rules Amid Risk Averse Start to Week
What you need to know on Tuesday, April 26: Although US equities staged an impressive rally in late US trading, the dominant force in currency markets on Monday continued to be risk-off flows, with traders citing concerns from blockade of China as the main driver. Amid a sharp pullback in global bond yields as traders […]
The next target is the 2020 high near 103.00
The dollar index (DXY) continues to rise and records new highs around 101.70. If it continues to rise, there could be a test of 2020 highs near the revised 103.00. The US Dollar Index (DXY) keeps the offered bias nice and solid and makes fresh cycle highs beyond 101.70 on Monday. The strong rebound from […]
US dollar index DXY pulls back from fresh cycle highs around 101.70
The DXY index gives back part of the initial rally to the 101.70/75 region. US yields at the short end and center of the curve extend recent losses. The Chicago Fed Index and the Dallas Fed Index stand out on today’s economic calendar. The US dollar index DXYwhich measures the strength of the dollar against […]
