The DXY index alternates gains and losses around the 93.00 level. The Jackson Hole Symposium begins today, Powell speaks on Friday. Second-quarter advanced GDP and weekly jobless claims stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves below the […]
Tag: Index Dollar
GBP / USD falls below 1.3750 amid USD rally, Brexit woes and Jackson Hole
GBP / USD turns negative for the first time in four days and is approaching 1.3700. GBP bulls give in to bearish crossover and Brexit concerns reappear. The 200 day SMA limits gains while the trend line on the daily chart limits losses before key events. GBP // USD is pulling back towards 1.3700, having […]
Forex Today – Asian Session: Dollar Weaken As Investors Wait For Powell
What you need to know on Thursday, August 26: The dollar balanced between gains and losses, but resumed its slide during US trading hours to hit new weekly lows against most high-yielding rivals. Wall Street rebounded and the S&P 500 hit new all-time highs. Yields on US Treasuries also moved, with the 10-year yield reaching […]
US Dollar DXY Index regains some traction near 93.00
The DXY index reverses recent weakness and is approaching the 93.00 region. US 10-year yields are stable below 1.30%. MBA Mortgage Applications, Durable Goods Orders and the EIA report all stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, manages […]
Forex Today – Asian Session: Focus is on Jackson Hole and Delta variant of coronavirus
What you need to know on Wednesday, August 25: The dollar was down for the second day in a row as the market sentiment remained positive. Stock gains were modest as investors grow wary ahead of the Jackson Hole Symposium and what the head of the US Federal Reserve, Powell, has to say about the […]
USD / JPY remains in bearish territory ahead of Jackson Hole
The USD / JPY bulls look for a breakout of the daily resistance trend line. The bears are looking for a benign Jackson Hole that could see a lower US dollar. USD / JPY is trading between a range of 109.41-109.88 on Tuesday in the countdown to Jackson Hole that begins this Thursday. The US […]
AUD / USD rises 0.63% amid mixed risk sentiment, looking at the 0.7300 level
AUD / USD has risen towards 0.72 in the US session. Mixed risk sentiment dominates the currency markets. Potential downward pressure looms with the Jackson Hole Symposium looming. The AUD / USD pair has risen in the American session, trading at 0.7254 at the time of writing. AUD / USD is making gains for the […]
US Dollar DXY Index struggles to find direction around 93.00
The DXY index looks for a direction around the 93.00 level. US 10-year yields rise to the 1.27% area. New home sales and the Richmond Fed index stand out on today’s US calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves within a narrow […]
USD / CAD falls towards 21-day SMA amid weaker USD and rising WTI
USD / CAD corrects for the third day in a row amid risk appetite sentiment. Upbeat sentiment weighs on the safe-haven US dollar and drives up WTI prices. The 21-day SMA may come to the rescue of the USD / CAD bulls. The pair USD / CAD is extending its corrective slide for the third […]
Forex Today – Asian Session: The Dollar Lowers As Investors Wait For Jackson Hole
What you need to know on Tuesday, August 24: The dollar was down against all of its major rivals as stocks regained their luster. The coronavirus situation in the US appears to have worsened, which in turn, would mean continued financial support from the US Federal Reserve. Wall Street posted substantial gains, while US Treasury […]
