Here’s what you need to know for today, Thursday, June 30: The forex space was buoyed by comments from Federal Reserve Chairman Jerome Powell. He explained that there is a risk that interest rate hikes by the US central bank will slow down the economy too much. However, he added that the biggest risk is […]
Tag: DollarIndex
AUD/USD falls as US dollar soars to 105
AUD/USD bears are moving in as the US dollar strengthens on risk aversion. DXY has risen above 105, dragging commodity currencies lower. At 0.6875, the AUD/USD is down 0.4% on the day as the US dollar has recovered and broken above the 105 level, measured against a basket of currencies via the DXY index. The […]
US Dollar Index Price Analysis: Heading towards the 105.00 level
The US Dollar Index (DXY) pulls back to the 104.50 area after failing near 104.70. Breaking above 105.00 should expose a test of the 2022 high. The US Dollar Index (DXY) looks to add to Tuesday’s gains, although the bull run appears to have faltered around the 104.70 area on Wednesday. Ideally, the index should […]
US Dollar Index Price Analysis: Decent resistance lines up at 105.00
DXY leaves behind two daily pullbacks in a row. Further up the weekly high emerges near 105.00. The US Dollar Index (DXY) He recovers his smile and manages to stage a fairly moderate rebound to the 104.00 area on Tuesday. Ideally, the index should break above the weekly high near 105.00 (June 22) in the […]
Forex Today: Dollar Struggles to Gain Traction Amid Mixed Markets, Focus on US Data
This is what you need to know to trade today Tuesday June 28: The dollar index consolidates the previous day’s rebound around 104.00 at the start of the European session this Tuesday, while Asian stock markets struggle to gain traction amid a market sentiment mixed. US index futures also reflect the same cautious trait, fluctuating […]
US Dollar Index Price Analysis: Decent support appears around 104.00
DXY is trading in a range above 104.00. The next move up is the 2022 high near 105.80. The US Dollar Index (DXY) regains some composure above 104.00, reversing three consecutive daily pullbacks at the same time. Ideally, the index should break above weekly highs in the 105.00 area in the short term for the […]
US dollar index DXY jumps to daily highs around 104.70, ahead of Powell
The DXY index moves higher after the poor data from the Eurozone PMIs. US yields extend weekly downward correction on Thursday. Today highlights the release of weekly jobless claims, preliminary PMIs and Powell’s testimony. The US dollar index DXYwhich measures the strength of the dollar against a basket of major currencies, brings back the smile […]
AUD/USD Price Analysis: Fibonacci 38.2% at 0.7000 offers strong resistance
AUD/USD halts rally below 38.2% Fibonacci. Selling around the dollar is unimpressive amid Covid lockdowns in southern China. The daily RSI remains below 50, keeping the bearish bias intact. AUDUSD pulls back from daily highs of 0.6988 as bulls take a breather after the latest move higher. Investors weigh comments from Reserve Bank of Australia […]
US Dollar Index DXY Continues to Pull Back Above 104.00, Focus on Data and Powell
The DXY index is moving around the 104.00 area and extends Monday’s losses. US yields rise a bit after Monday’s holiday. The Chicago Fed Index and Existing 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, extends the pessimism […]
US Dollar Index Price Analysis: Further weakness is seen as a buying opportunity
DXY moderated part of Friday’s bounce and retested 104.20. The 4-month line near 101.70 underpins the bullish bias. The US Dollar Index (DXY) resumes the downward leg and leaves Friday’s upward attempt behind. Considering the ongoing price action, a further correction on the short-term timeframe should not be ruled out. That said, a revisit to […]
