The White House economic adviser, Jared Bernsteinsaid on Friday that The latest US employment report underscores the cost of inaction while underscoring the urgency of the coronavirus relief plan from US President Joe Biden, Reuters reported. President Biden is working on a strong infrastructure bill that is expected to receive bipartisan support, Bernstein added. Market […]
Tag: Index Dollar
The goods and services deficit drops to $ 66.6 billion in December compared to the expected $ 65.7 billion
The US goods and services trade balance was slightly worse than expected. The US Dollar Index continues to push lower towards 91.00. The deficit of goods and services of the United States fell by $ 2.4 billion to $ 66.6 billion in December, data jointly released by the US Census Bureau and the US Bureau […]
Next target at the 100-day SMA near 91.90
The DXY recorded new highs for 2021 around 91.60 on Friday. Then to the upside, the 100-day SMA emerges around 91.90. The US dollar index (DXY) comes under some selling pressure after hitting new highs for this year around 91.60 during the Asian session. The recent breakout of the 91.00 zone gives additional legs to […]
US dollar DXY index retreats from yearly highs around 91.60 before NFP
The DXY index loses some bullish momentum near 91.60. The lack of traction in US yields weighs on the dollar. NFP non-farm payrolls will focus investors’ attention at the start of the US session. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, faces some selling […]
Aim for a bullish reversal on the weekly chart
The weekly chart of the DXY index shows the breaking of a descending wedge. The DXY index could rise to September highs above 94.50. The DXY US Dollar Index, which measures the strength of the dollar against a basket of major currencies, appears poised to confirm the breaking of a falling wedge, a bullish reversal […]
Forex Today – Asian Session: Dollar Continues Strengthening Ahead Of Nonfarm Payroll Data
What you need to know on Friday, February 5: The Bank of England attracted most of the market’s attention on Thursday as policy makers cooled hopes for negative rates in the UK in the future. The central bank kept its monetary policy unchanged, and even hinted at slower bond buying. GBP appreciated despite persistent dollar […]
Ready to extend the raises
The DXY moves to new 2021 highs near 91.50. Higher up is the 100-day SMA around 91.90. The US dollar index (DXY) regained its smile and rise after Wednesday’s retracement and climbed to the 91.50 area, marking new highs for this year. The recent breakout of the 91.00 zone gives additional legs to the dollar’s […]
US Dollar DXY Index Hits New 2021 Highs Above 91.30
The DXY index recovers from Wednesday’s slide and returns to 91.30. Positive growth prospects and vaccine launches support the dollar. The release of initial jobless claims and factory orders data stand out on the US economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, […]
Forex Today – Asian Session: Dollar Holds Most Weekly Gains As Busy Calendar Approaches
What you need to know on Thursday, February 4: Most of the major pairs are consolidating this Wednesday, with the dollar retaining most of its weekly gains. The dollar fell modestly, still supported by hopes for a new US stimulus package. Democratic senators moved forward with a coronavirus aid package, with the goal of passing […]
US Dollar Index Turns Negative Near 91.10 Following US ISM
DXY attenuates the initial advance and returns to 91.10. The ADP beat estimates in January. US non-manufacturing ISM also surprised to the upside. The US Dollar Index (DXY), which tracks the dollar against a group of its main competitors, falls back to the 90.15 / 10 band after hitting 2021 highs at 90.30. The US […]
