In an interview with Yahoo Finnace, Dallas Federal Reserve Chairman Robert Kaplan, said on Friday that forecasts point to very strong growth in 2021, adding that further fiscal stimulus would strengthen the recovery, as reported by Reuters. Additional statements “We are still far from maximum employment, waiting for a slow improvement in the labor market.” […]
Tag: Index Dollar
The University of Michigan Consumer Confidence Index falls to 76.2 in February from 80.8 expected
The consumer sentiment index in the US. It fell to 76.2 (preliminary) in February from 79 in January, the latest consumer survey from the University of Michigan showed on Friday. This reading was worse than the market expectation of 80.8. Further details from the release revealed that the Current Economic Conditions Index fell to 86.2 […]
US dollar index rises to 90.70 ahead of U-Michigan data
DXY gains extra steam and hits 3-day highs near 90.70. Rising US yields support the dollar’s daily gains. The February flash figures for consumer confidence appear below. The US Dollar Index (DXY), that tracks the dollar vs. a group of its main rivals are trading in improved mood above 90.70, or 3-day highs, on Friday. […]
Solid support is at the 90.00 level
The weekly decline in the DXY index finds support around 90.20. A break of this level should open the door for a drop towards 89.20. The weekly decline in the DXY index appears to have found quite decent support at the lower 90.20 region. This zone is also reinforced by the 2020-2021 support line, currently […]
Points to 0.7685 after triangle breakout
AUD / USD risks further declines as risk aversion fuels demand for the USD. 1-hour chart confirms symmetric triangle breakout The bearish RSI suggests additional losses below the support of the 100 hourly SMA. AUD / USD extends its bearish momentum towards 0.7700, after failing to find a support point above 0.7750 on several occasions. […]
US dollar DXY index regains traction and rises to 90.60
The DXY index reverses the recent bearish move and hits 90.60. The appetite for risk seems to be taking a breather. The preliminary indicator of US consumer sentiment will be released later in the day. The US dollar DXY index, which measures the strength of the dollar against a basket of the main currencies, regains […]
The dollar still in trouble despite deteriorating sentiment
This is what you need to know to operate this Friday, February 12: The US dollar remained the weakest currency in the foreign exchange market, although it managed to regain some ground before the daily close. The dollar advanced while Wall street fell, without a clear catalyst behind the latest crash. EUR / USD reached […]
US Dollar Index DXY bounces off lows near 90.20 before Fed
The DXY index manages to catch the attention of buyers in the 90.30 / 25 region. Initial weekly jobless claims reached 793,000, below market expectations. The Fed will publish its Monetary Policy Report during today’s American session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
A break below the 90.00 level is still likely
The DXY index decline finds decent support around 90.20. A breakout of this level should open the door to 89.20. The DXY index decline appears to have found pretty decent support at the 90.00 region for the time being. This zone is also reinforced by the 2020-2021 support line, currently near 90.30. A sustainable breakout […]
Fed: Daly says buying will continue at current rate until end of 2021
In an interview with the Wall Street Journal, the president of the San Francisco Federal Reserve, Mary Daly has said that she expects the Fed to continue buying assets at its current rate through the end of the year.. “For now, we have monetary policy in a good placeDaly added, noting that It would not […]
