Dallas Federal Reserve Chairman Robert Kaplan noted on Monday that it is concerned about the downside risks of variants of the coronavirus, as reported by Reuters. Additional conclusions “I think mobility will improve this year if vaccines are implemented and effective against the variants.” “The forecast of 5% growth this year depends on continued support […]
Tag: Index Dollar
Fed policy does not destabilize financial markets
Minneapolis Federal Reserve Chairman Neel Kashkari said Monday that it is not concerned about the volatility observed in the US equity markets and argued that the Federal Reserve’s policy is not destabilizing financial markets, as reported Reuters. Additional conclusions “The real unemployment rate is around 10% if you consider those who have stopped looking for […]
With room for a new test of 91.00
DXY joins Friday’s gains and is approaching the 91.00 level. The 2020-2021 resistance line offers resistance around 90.80. The DXY charges an additional rate and trades near 91.00 at the beginning of the week. The 91.00 area emerges as the immediate target of importance. This is where the weekly highs (December 21), the high so […]
US Dollar DXY Index looks firm around 90.80 ahead of US ISM Manufacturing PMI.
The DXY index extends Friday’s gains near the 90.80 region. February starts with sentiment leaning towards risk aversion. The focus is on the discussion of the US fiscal stimulus. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, starts the week higher and rises to new […]
High limited by resistance line near 90.80
The DXY finds solid resistance at the 90.80 region on Friday. The 2020-2021 resistance line is also located around this region. The DXY extends rejection from weekly highs below 91.00, losing ground for the second straight session on Friday. The continuation of the downtrend is expected to find the next relevant support around the 90.00 […]
GBP / USD falls towards 1.3650 as the dollar holds firm awaiting data
GBP / USD finds new supply as the US dollar regains ground. The focus is on US macro news and sentiment around US equities. Buying interest around the US dollar remains constant amid widespread risk aversion, pushing GBP / USD further towards the 1.3650 level. The sell-off in major companies accelerates in the European session, […]
Markets rocked by retail frenzy, vaccine concerns and focus on US data
This is what you need to know to trade today Friday, January 29: Market sentiment turned sour on Friday, with investors seeking refuge in the safe-haven US dollar amid escalating tensions between the United States and China, new concerns about a cash shortage in China and disappointing news about the Novavax vaccine. The American pharmaceutical […]
speculation overshadows sentiment, the dollar is under pressure
What you need to know on Friday, January 29: The financial world turned around equities again, but stocks were not driven by confidence. For a change, the escalation of the Gamestop scandal paved the way. To put it in a nutshell, individual investors rallied the stock considerably and raised alarms everywhere. Trading was halted on […]
Betting on the upside for a move above 91.00
The DXY joins the uptrend and is trading near 91.00. The 2020-2021 resistance line is also near 91.00. He DXY takes an extra pace and approaches the key hurdle near 91.00 in the second half of the week. The 91.00 area emerges as the immediate target of importance. The weekly highs (December 21), the high […]
US Dollar Index DXY Approaching 91.00 Level Ahead Of Key Data
The DXY index extends the recovery and rises to the 90.80 / 90 region. Risk aversion sentiment holds for now. Q4 advanced GDP and initial US jobless claims stand out on the US economic calendar. He US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends recent […]
