-637726049313881572.png "US Dollar Index Dips From New Yearly High Around 95.40, Bulls Watch 96.00")
The US Dollar Index starts the week on the right foot, rising 0.25%. The 10-year US Treasury yield is up almost four basis points to 1,621%. DXY Technical Outlook: A breakout above 96.00 exposes the June 30, 2020 high at 97.80, followed by a test of 100.00. The US Dollar Index, also known as DXY, […]
Tag: Index Dollar
Forex Today – Asian Session: Sentiment Drives Financial Markets
What you need to know on Tuesday, November 16: The euro was the worst performer, falling against the dollar to a new 2021 low of 1.1381. The dollar also appreciated against shelters CHF and JPY, but lost ground against the pound and currencies linked to commodities. Overall, action was limited across all currency areas as […]
10-year Treasury yield rises to highest level in two weeks above 1.60%
The 10-year US yield rebounded strongly from 1.54% to 1.60%. Yields across the curve reached new daily highs in US hours. DXY is back in positive territory for the day, above 95.00. US yields turned higher during the US session and rose to weekly highs. The 10-year yield went from below 1.55% to 1.609%, reaching […]
The next level of relevance appears at 97.80
The DXY records a new high for 2021 at 95.26 on Friday. Then on the upside appears the level of 97.80 (June 30, 2020 high). The U.S. dollar index (DXY) extends the rally for another session and achieves new highs for this year in the 95.25 / 30 band at the end of the week. […]
USD / JPY hits new weekly highs near 114.30 as dollar extends gains
USD / JPY climbed for the third day in a row on Friday, focus at 114.50. The US dollar DXY index remains near 16-month highs amid expectations of a rate hike from the Fed. The hot US CPI makes the dollar rise. Will consumer sentiment do the same? The USD/JPY keep the ground high near […]
Just below 1.2600 as US inflation dust settles
CAD looks for a risk catalyst, focus is on Michigan consumer sentiment. Bulls remain supported amid softer oil prices and Fed rate hike expectations. USD / CAD is heading towards the 1.2600 level, facing resistance ahead of 50% Fibonacci. USD / CAD is trading near 1.2600 at the start of the European session on Friday. […]
Forex Today – Asian Session: Pending Correction for the Dollar Just Around the Corner
What you need to know on Friday, November 12: The dollar continued to advance in the absence of another catalyst that could divert investors’ attention from skyrocketing inflation. Poor UK data fueled the depressing mood as the UK reported 1.3% quarterly growth in the three months to September, much worse than the 5.5% previously and […]
NZD / USD found strong support at the 100 DMA, around 0.7035
The NZD / USD extends its losses for the third day in a row. No economic data from New Zealand and the United States keeps the pair trending in the dynamics of demand for the US dollar. Harker of the Philadelphia Fed argued that the Fed can raise rates and at the same time lower […]
Dollar strengthens as inflation fears return
Here’s what you need to know to trade during today’s Asian session Thursday, November 11: Risk aversion took hold of the financial markets and the safe-haven US dollar made the most of it. The catalyst was US inflation, as the annual consumer price index soared to its highest level in three decades, reaching 6.3% year-on-year […]
Forex Today – Asian Session: Dollar Profits From Risk Averse
What you need to know on Wednesday, November 10: The dollar remained tepid during the Asian session, but became more attractive during US trading hours. The catalyst for dollar demand was another sign that inflationary pressures were spurring risk. Wall Street fell back after its foreign counterparts posted intraday gains, following the release of the […]
