The DXY index extends the previous day’s advance around the 101.00 level. US yields extend Thursday’s rally. The release of the preliminary PMIs for April stands out on the US economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, extends the bounce to the upside […]
Tag: DollarIndex
Forex Today – Asian Session: Dollar gains ground on Fed aggressive line rhetoric
What you need to know on Friday, April 22: Risk-off trading conditions triggered in part by a surge in US yields Amid aggressive Fed line rhetoric, US stocks fell on Thursday and the safe-haven US dollar insurance outperformed, especially against its more risk-sensitive G10 peers like the Australian dollar, New Zealand dollar and Canadian dollar. […]
AUD/USD bounces back towards 0.7450 as USD bounce fades
AUD/USD tries to bounce amid better market sentiment. Risk appetite weighs on US dollar demand and helps Australian dollar rebound. The RBA’s upbeat outlook is also still in play ahead of Powell’s speech. The AUD/USD has stopped its initial pullback near the 0.7420 region and is now heading back up towards the 0.7450 level during […]
Forex Today – Asian Session: Aussie, Kiwi, Loonie and Yen Rise, USD Gives in to Profit Taking
Here’s what you need to know on Thursday, April 21: The US dollar succumbed to gains on Wednesday, as US yields fell from multi-year highs, somewhat polishing the dollar’s investment appeal. The US Dollar Index (DXY) fell 0.6% to a low of 100.00 after reaching its highest levels since March 2020 above 101.00 on Tuesday, […]
Pullbacks seen as buying opportunities
The DXY index corrects lower and revisits the 100.30 region on Wednesday. Occasional bearish moves should be viewed as buying possibilities. The US Dollar Index (DXY) loses some ground after reaching fresh cycle highs beyond 101.00 on Wednesday. Price action around the index continues to suggest further upside in the short to medium term. If […]
Expect acceptance above the 21-day SMA on the way to recovery
WTI price is resuming the uptrend after sharply correcting on Tuesday. A weaker US dollar and lower inventories offer support to US oil. Acceptance above the 21-day SMA at $103.24 is critical to resume the uptrend. WTI (NYMEX futures) is looking to extend the bounce above the $103 level during the European session on Wednesday, […]
US dollar index DXY facing some downside pressure around 100.70
The DXY index corrects lower after making recent highs above the 101.00 level. US yields are also pulling back from recent highs and moving defensively. Fed speeches and housing data stand out on the US calendar on Wednesday. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, […]
Forex Today – Asian Session: Global Yield Rebound Hits Yen
What you need to know on Wednesday, April 20: The Japanese yen took a hit on Tuesday as a further rise in global bond yields put further upward pressure on G10/Japan interest rate spreads, reducing the investment appeal of the safe-haven currency. low performance. Needless to say, the yen was the worst performing G10 major […]
US dollar index remains offered near 101.00
DXY alternates gains with losses near 101.00. US yields advance to new highs on Tuesday. US housing data surprised to the upside in March. The US dollar index (DXY), which measures the dollar against a bunch of its major competitors, extends the rally to the area just beyond 101.00 on Tuesday. The US dollar index […]
Additional earnings point to 103.00
US Dollar Index (DXY) pushes higher and posts new highs beyond 101.00 The 2020 high near 103.00 emerges as the next target to watch. The US Dollar Index (DXY) trades at levels last seen over two years ago near the 101.00 level on Tuesday. The price action around the index continues to suggest further upside […]
