The DXY index downward correction extends to the 90.50 region. The next support of interest is at the 90.00 region. The DXY index accelerates the decline and moves past multi-day lows at the 90.50 zone during the European session on Tuesday. Sellers continue to pressure the dollar and now open the door for a likely […]
Tag: Index Dollar
US Dollar DXY Index Extends Fall Below 91.00
The DXY index looks weak at the 90.70 region on Tuesday. The downward correction in US yields hurts the dollar. The NFIB index, JOLTs job openings data and a speech from the Fed stand out on today’s US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket […]
XAU / USD bulls challenge 100 SMA after triangle breakout on 4-hour chart
The XAU / USD confirms the breakout of the symmetrical triangle on the 4-hour chart. Acceptance above the 100-SMA is critical to triggering a further rally. The 200 SMA at $ 1,863 is the next upside target amid the bullish RSI. Gold (XAU / USD) has captured new purchases early in the European session on […]
Bostic says GDP could be seen at pre-pandemic levels by the fourth quarter of 2021
US GDP could return to pre-pandemic levels for the fourth quarter of this yearAtlanta Fed Chairman Raphael Bostic said in an interview with the Washington Post Monday night. Additional comments: Is concerned about people leaving the workforce, including women and people in service industries. Help is needed to try to minimize the impact of Covid. […]
Forex Today – Asian Session: Dollar Demand Pulls Back, Gold & Crypto Gains Soar
What you need to know on Tuesday, February 9: The week started in slow motion, amid the absence of a new catalyst. The macroeconomic calendar was tight and will remain so throughout the week. The currency board relied exclusively on US Treasury yields, as the dollar appreciated or fell alongside them. US Treasury yields ended […]
The Fed will be accommodative for a long time
The US economy is slowly recovering, but vaccines could lead to a sharp increase in activity, the president of the US said on Monday. Cleveland Fed Loretta Mester, Reuters reported. Additional conclusions “Some sectors of the economy are doing much better than others.” “The Fed will be accommodative for a long time because the economy […]
The 91.00 region offers support
The downward correction of the DXY index finds support at the 91.00 region. The 100-day SMA, around 91.80, limits the upside for now. The DXY index manages to bounce off recent lows near the 91.00 region. Sellers failed to drag the DXY index below the 91.00 level, leaving the door open for the continuation of […]
US Dollar DXY Index Under Pressure Near 91.00 Level
The DXY index hovers around the 91.00 region on Monday. US 10-year yields are approaching the 1.20% level. There are no scheduled data releases on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, remains near the 91.00 level at the beginning […]
DXY drops back to crucial 91.00 level after disappointing NFP report
It has been a difficult end for the US dollar. After the soft NFP data, the DXY has fallen to the key level of 91.00. It has been a difficult end to what would otherwise have been an excellent week for the US dollar; Having started the week just above 90.50, the Dollar Index (DXY) […]
US Dollar Index Challenges Daily Lows Near 91.20
DXY corrects lower from the new 2021 highs around 91.60. US nonfarm payrolls reached 49,000 in January. The unemployment rate in the United States surprised to the upside with 6.3%. After hitting new yearly highs around 91.60, the US dollar index (DXY) lost some bullish momentum and is now testing daily lows in the 91.20 […]
