The DXY index faces some selling pressure just below 94.00. The risk complex recovers buying interest on Friday. The PCE, personal income and spending data, and consumer sentiment from the University of Michigan stand out on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of […]
Tag: Index Dollar
USD / JPY bounces near 104.10, still not out of the woods
USD / JPY attempts a bounce from near the 104.10 level. The bears are still looking for a test of the September lows at 104.00. The pair remains at the mercy of risk trends and USD dynamics. The pair USD/JPY moves lower during the European session on Friday, trading around the 104.40 region after managing […]
US dollar DXY index turns positive and rises above 93.50
The DXY index recovers the initial decline and climbs back above 93.50. Sentiment remains cautious ahead of the ECB event. Initial jobless claims, third-quarter GDP and pending home sales data stand out on today’s US economic calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, […]
The US dollar index rises to the area of ​​93.60, weekly highs
DXY bullish momentum is holding well near 93.60. Pandemic concerns lend additional sustenance to risk aversion. The advanced US trade deficit narrowed to $ 79.37 billion in September. Dollar Extends Buying Momentum and Tests Weekly Highs at 93.60 Zone When Tracked the US dollar index (DXY). US Dollar Index Supported by Risk Averse Climate The […]
The bullish momentum could extend to 93.90
DXY adds to the recent gains above 93.00. The next relevance target emerges at the 93.90 level. The DXY extends to the upside and flirts with the key 6-month resistance line at the 93.30 / 40 band following the optimism seen in the first half of the week, all amid growing risk aversion among market […]
Go back to test the 100-day SMA
AUD / USD falls back to the support of the 100-day SMA, while the 50-day SMA limits the rise. The USD strengthens as risk aversion deepens. Investors are expecting fresh signs of a breakout in either direction. As risk-off sentiment intensifies during Wednesday’s European session, amid further lockdowns likely to be imposed in France and […]
US dollar DXY index rises to weekly highs near 93.30
The DXY Index climbs to multi-day highs near 93.30 on Wednesday. The advance of the pandemic and nervousness before the US elections support the dollar. Data from MBA weekly mortgage applications and preliminary US trade balance will be released today. The US dollar index DXY, which measures the strength of the dollar against a basket […]
The US dollar index remains bearish below 93.00, attentive to the data
DXY fades the initial rally above the key 93.00 level. Durable goods orders from the US surprised to the upside in September. The Conference Board Consumer Confidence is featured below. The dollar, in terms of US dollar index (DXY), reverts initial optimism and returns to the zone below 93.00 on Tuesday. US Dollar Index Finds […]
Six-month resistance line limits upside
The DXY fades Monday’s rally and retreats below the 93.00 level. The 93.30 area offers interim resistance in the short term. The US Dollar Index (DXY) resumes falling following Monday’s positive price action and comes under renewed downward pressure after failing to sustain above 93.00. Meanwhile, it appears that occasional bullish attempts remain limited by […]
US dollar DXY index retreats from highs, holding above 93.00 level
The DXY index rises above the 93.00 level on Tuesday. Risk aversion continues to dominate sentiment so far this week. Consumer confidence, durable goods orders and the house price index are prominent on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, is […]
