WTI price is on a corrective decline from three-week highs. WTI bulls ignore Libyan fuel supply cut and Shanghai reopening news. OPEC+ produced some 1.45 million barrels per day below target last month, according to API data. The WTI (NYMEX futures) is down more than 1.20% so far on Tuesday, breaking a four-day uptrendwhile the […]
Tag: DollarIndex
US dollar index DXY pulls back from new highs above 101.00
The DXY index is now giving back some gains after hitting new highs. US yields are mixed in a change of direction on Tuesday. The IMF and World Bank meetings, along with US housing data, stand out on today’s economic calendar. The US dollar index DXYwhich measures the dollar’s strength against a basket of major […]
Dollar rally continues as European investors return from Easter break
This is what you need to know to trade today tuesday april 19: Rising US Treasury yields and cautious market sentiment allowed the US dollar to outperform its rivals at the start of the week. During the Asian session on Tuesday, the US dollar index DXY hit its highest level since April 2020 at 101.02 […]
Forex Today – Asian Session: USD Rules, DXY Hits April 2020 Highs and Breaks Above 100.50 Level
Here’s what you need to know on Tuesday, April 19: Major European markets were closed on Monday, making for fairly subdued trading conditions for most of the day, although flows picked up a bit during US trading. Nonetheless, the US dollar traded strongly across the board. against its main G10 counterparts and the dollar index […]
Turns south after rejection at $108.00
WTI price is correcting from nearly three-week highs at $107.96. A stronger US dollar is testing the upside in black gold. A test of the 21 DMA support at $103.58 seems inevitable. WTI (NYMEX futures) is extending the correction from the three-week high of $107.96 reached in the early hours of the Asian session on […]
US dollar index rallies above 100.50
DXY bounces off weekly lows near 99.60. US yields reverse course and are now trading modest gains. US retail sales expanded in one month by 0.5% in March. The dollar quickly left the weekly low area around 99.60 and broke above the 100.50 level to post new highs when measured by the US dollar index […]
US dollar index DXY extends lower and challenges multi-day lows near 99.60
The DXY index extends Wednesday’s losses below the 100.00 level. US yields extend corrective decline from recent highs. Data for retail sales, initial jobless claims and the University of Michigan consumer sentiment index stand out on today’s US economic calendar. The US dollar index DXYwhich measures the strength of the dollar against a basket of […]
US dollar index holds offered bias unchanged around 100.50
The US Dollar Index (DXY) is hovering around the recent highs near 100.50. US yields reverse initial positive start. US producer prices rose 1.4% mom, 11.2% yoy in March. The USD Rally shows no signs of exhaustion so far and raises the US dollar index (DXY) to fresh highs around 100.50 on Wednesday. The US […]
Upside momentum could extend to 100.86/93
DXY makes new cycle highs around 100.50 on Wednesday. Additional gains could reach the 100.86 level ahead of 100.93. The US Dollar Index (DXY) extends the rally for another session to fresh highs in the 100.50 region, an area last seen in May 2020. Price action around the index continues to suggest more upside in […]
US Dollar Index Advances to New Nearly Two-Year Highs Near 100.50
DXY rally now flirts with 100.50 midweek region. US yields rise again after Tuesday’s correction. The US Dollar Index (DXY), which measures the dollar against its main competitors, continues to push higher and trades near the 100.50 region on Wednesday, hitting new 23-month highs. US dollar index at levels last seen in May 2020 The […]
