What you need to know on Tuesday, September 7: The dollar posted a modest recovery on a dull Monday. The US and Canadian markets closed as both countries celebrated Labor Day, exacerbating range trading. The US currency corrected higher but remains weak. Among its rivals, the pound is the worst performer, as investors see no […]
Tag: Index Dollar
Dollar recovers from NFP hit, markets bullish on quiet start to great week
This is what you need to know to trade today Monday, September 6: The market sentiment is optimistic at the start of a new week this Monday, with major Asian indices rebounding 2%, while investors reject expectations of a gradual reduction in the purchase of Fed bonds amid a huge loss in US NFP nonfarm […]
US Dollar Index Challenges 92.00 Zone Following Disappointing NFP
The DXY briefly broke the support at 92.00 after payrolls. US 10-year yields bounce to daily highs near 1.33%. The US economy added “only” 235,000 jobs in August. Selling pressure continues to dictate price action around the dollar and now relegates to the US dollar index (DXY) to the 92.00 zone on Friday. The US […]
A drop to 91.80 is still within the means
The DXY remains weak and trendless at the 92.20 area. A disappointing employment data could drag the index to 91.80. The U.S. dollar index (DXY) posted new multi-week lows around 92.15 earlier in the session, although it has managed to rally a few pips since then. Very short-term price action on the DXY is heavily […]
WTI hovers around $ 70 level, targets second straight week with gains
WTI rises close to 1%, but remains in a range around the $ 70 level, where the 100-day SMA is located. The geopolitical risks in Afghanistan and the hurricane in the Gulf of Mexico raise the price of US oil. WTI has room to rise to $ 70.40 amid bullish technical indicators. After hitting four-week […]
Market participants anticipate tepid numbers in NFP report
What you need to know on Friday, September 3: The dollar remained under selling pressure as unimpressive US employment data anticipates a weak nonfarm payroll report, pushing away the announcement of a gradual decline in the US. The country added 750,000 new jobs in August, while the Unemployment Rate is forecast at 5.2%, better than […]
Forex Today – Asian Session: The Dollar Lowers As US Employment Data Chilled Downward Hopes
What you need to know on Thursday, September 2: The dollar came under strong selling pressure due to poor employment data from the United States. The country released the ADP survey, which showed that the private sector added just 374,000 new jobs in August, far worse than the 613,000 expected, while the July figure was […]
The bulls move at a critical resistance level
Silver is moving at a critical resistance level as the US dollar collapses. US ADP employment data is a negative prelude to the non-farm payroll showdown, which puts pressure on the dollar. The price of silver continues to test the ceiling of dynamic resistance as the US dollar struggles to stay within bullish territory. As […]
GBP / USD bulls are taking bearish commitments near critical daily resistance
GBP / USD bulls are in charge, moving into critical daily resistance. The US dollar is under pressure as the best of an immanent set-up is marked down by a terrible loss in ADP. At the time of writing this article, the GBP/USD it is trading at 1.3780 and between a low of 1.3731 and […]
Forex Today – Asian Session: The dollar’s modest recovery does not change the picture
What you need to know on Wednesday, September 1: The dollar extended its slide during the first half of the day, hitting a new multi-week low against most major rivals, mainly high-yielding ones. The greenback subsequently rallied before the daily close, helped by profit taking and month-end flows. However, it is still one of the […]
