DXY finds support in the 92.40 region on Tuesday. US 10-year yields briefly retest the 1.30% level. US consumer confidence stood at 113.8 in August. The dollar, when measured by the US dollar index (DXY), manages to rebound from multi-week lows initially touched around 92.40. US dollar index offered by month-end flows, risk appetite The […]
Tag: Index Dollar
Loss of 92.50 could expose 91.80
The DXY remains under pressure at the 92.50 area. Loss of lows should expose a further decline. The US Dollar Index (DXY) accelerated the decline and retested the key support area around 92.50. The index tests the support region near 92.50, an area that is reinforced by the 55-day SMA at 92.49. The loss of […]
Forex Today – Asian Session: Dollar Remains Weak Despite Investors Growing Cautious
What you need to know on Tuesday, August 31: The week started in slow motion amid a UK holiday and a slim macroeconomic calendar. Speculative interest has already taken in the dovish stance of Federal Reserve Chairman Jerome Powell, and attention has turned to US employment data to be released later in the week. The […]
The US Dollar Index remains in the daily range below 93.00
The DXY bullish movement slows down before Monday’s 92.80. US 10-year yields remain lateralized around 1.30%. .The dollar alternates gains and losses near the 92.80 zone when measured by the US dollar index (DXY) on Monday. The index navigates within a tight range amid month-end flows and consolidating returns, as market participants continue to adjust […]
US Dollar DXY Index Finds Support Around 92.60
The DXY index is trading at the lower end of the recent range below 93.00. The dollar remains under pressure after Powell’s speech on Friday. Pending home sales and the Dallas Fed index stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of […]
WTI recovers 100-day SMA around $ 68 and awaits further momentum
WTI is up 1%, but remains in a range around $ 68, where the SMA 100 is located. Geopolitical risks in Afghanistan and a hurricane in the Gulf of Mexico raise the price of US oil. WTI has room to rise to $ 70.40 amid bullish technical indicators. WTI (NYMEX futures) is resuming its recent […]
US Dollar DXY Index Loses Momentum Around 93.00 Before Powell
The DXY index retraces from 4-day highs past the 93.00 level. Investors remain focused on Powell and QE reduction. The US PCE, trade data, and the University of Michigan final index also feature prominently on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major […]
Forex Today – Asian session: The dollar wins due to the renewed speculation of the reduction
What you need to know on Friday, August 27: The dollar ended the day with modest gains against most major rivals. Geopolitical tensions in Afghanistan and comments from the Fed’s Robert Kaplan, who said September would be the time to outline the cut and start in October, were behind the drop. James Bullard, another member […]
The US dollar index accelerates to the rise and recovers 93.00
DXY rises even higher and surpasses the 93.00 level. US Q2 Advanced GDP surprised to the upside. The Fed’s Bullard said that house price gains remain a concern. The dollar gains traction and climbs to daily highs just above 93.00 when tracked by the US dollar index (DXY). US Dollar Index Rebounds Away From 92.80 […]
The next downside target appears at 92.50
The DXY remains under pressure below 93.00. If the lows near 92.80 give way, the index would be exposed to lower. The US Dollar Index (DXY) is now looking to stabilize at the lower end of the weekly range below 93.00. The dollar, meanwhile, remains confined to sideways trading, amid caution ahead of Powell’s speech […]
