The DXY index rally remains strong and is approaching the 93.80 area. The resistance line near 93.80 appears as a minor obstacle. After bottoming out near the 93.00 region earlier in the week, the DXY index has regained some buying interest and is now testing the upper end of the range near the 93.80 level. […]
Tag: Index Dollar
USD / CAD rises to six-day highs above 1.3170
USD / CAD is moving higher on renewed demand for the safe haven US dollar. WTI consolidates Wednesday’s 2% move. The focus is on US labor data. The pair USD / CAD moves higher during Thursday’s European session and rises to new 6-day highs above the 1.3170 level, looking to extend its three-day recovery from […]
US Dollar DXY Index Remains Ranged Near 93.40 Level
The DXY index alternates gains with losses in the 93.40 region. Talks about the additional stimulus remain stalled amid political uncertainty in the United States. The usual weekly jobless claims, the Philadelphia Fed Manufacturing Index, and various speeches by Fed members stand out on today’s calendar. He US Dollar DXY Index, which measures the strength […]
Forex Today: Dollar Recovers Amid Stagnant Stimulus Talks, Focus on US Data and EU Summit
This is what you need to know to trade today Thursday, October 15: Markets are falling and the safe-haven dollar is somewhat on offer as talks on US fiscal stimulus are stalled as the clock ticks towards the election. Brexit and rising coronavirus cases are high on the EU Summit agenda, ahead of US jobless […]
DXY Price Analysis: Minor Resistance Appears at 93.90
The DXY recovery appears to have been exhausted near 93.70. Higher up, the 93.85 / 90 band emerges. After bottoming out at the 93.00 area earlier in the week, the US Dollar Index (DXY) recovered some buying interest and managed to advance to the 93.70 region on Wednesday, where it lost some for now. The […]