The DXY extends the advance and recovers 91.00. Further north, February highs emerge around 91.60. The DXY adds to the recent rally and recovers the key barrier at 91.00, the figure from the beginning of the week. While the bulls have regained the upper hand, the bullish momentum may extend to the February highs at […]
Tag: Index Dollar
US Dollar Index DXY Struggles To Find Direction Just Below 91.00 Level Before ISM
The DXY index is looking to extend Friday’s gains to the 91.00 region. US 10-year yields are sailing above the 1.40% level so far. The US ISM Manufacturing PMI stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, encounters strong […]
Bullish turn pattern on the weekly chart
The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, is pointing higher, with the weekly chart showing the breaking of a falling wedge, a bullish reversal pattern, and a bullish divergence of the RSI. . Essentially, the DXY selloff from the March 2020 high of 102.99 […]
US Dollar Index Holding Firm Around 90.60 After Data
DXY is trading firmly in the 90.60 region. The US core PCE increased 0.3% month-on-month, 1.5% year-on-year in January. US February Final Consumer Confidence The US Dollar Index (DXY), which measures the dollar against a basket of its main rivals, remains the tone of supply unchanged around 90.60 on Friday. The US dollar index meets […]
A strong bounce reopens the door to 91.00
DXY bounces sharply from lows below 90.00 on Thursday.The 91.00 zone now stands as the next key hurdle for the bulls. After falling to the 89.70 region on Thursday, the DXY managed to make a major bounce to the 90.75 / 80 band at the end of the week. To extend the recent rally, the […]
US dollar DDXY index rises to daily highs near 90.50
The DXY index reverses the recent weakness and recovers the 90.50 area. US 10-year yields rose to about 1.60% on Thursday. PCE data, trade balance, and personal income / expenses data 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, […]
Forex Today – Asian Session: Bond Markets Turmoil
What you need to know on Friday, February 26: The dollar was under pressure for the first half of the day, but was given a boost in the United States in mid-afternoon by a Treasury auction, rising against most of its main rivals. The 7-year bond was auctioned at 1.19% from 1.14% before the event, […]
I’m not worried about rising bond yields – Raphael Bostic
Atlanta Fed President Raphael Bostic, said Thursday that it is not concerned about rising U.S. Treasury yields as they remain low from a historical perspective, as reported Reuters. Additional statements “It is clear that monetary policy must focus on the immediate term, without waiting for the need to think about a reduction for a while.” […]
US Dollar DXY Index Remains Under Pressure Below 90.00
The DXY index remains on the defensive below the 90.00 level. GDP figures for the fourth quarter point to a 4.1% quarter-on-quarter expansion of the economy. Initial jobless claims fell to 3-month lows at 730,000 over the past week. The US Dollar DXY Index, which measures the strength of the dollar against a basket of […]
Increase the odds of a move to 89.20
The DXY index tests the 2020-2021 support line at 89.80. Further below this region are the 2021 lows at 89.20. The DXY index resumes the downward movement and extends the slide below the psychological support at the round 90.00 level. Sellers face a significant region of contention around the critical 90.00 level, which in turn […]
