The DXY index briefly tests new lows near the 90.00 level. Initial jobless claims were 900,000 last week. The Philadelphia Fed manufacturing index surprised to the upside with 26.5 points in January. He US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, is trading at lows of […]
Tag: Index Dollar
Bearish target at 90.00 (and lower)
The DXY loses support and is approaching the 90.00 level. Immediately to the downside is the 2021 low at 89.20. Selling momentum in the US dollar index (DXY) extends into Thursday’s session and drags the dollar to the key support zone around 90.00. The inability of the USD bullish momentum to push the index above […]
WTI falls back below $ 53 level ahead of EIA data
WTI is back from a rally above $ 53 amid cautious market sentiment. Oil remains pressured amid an unexpected surge in US crude inventories. The focus remains on US jobless claims and EIA crude stock data. He WTI (NYMEX crude futures) falls back below the $ 53 level during the European session on Thursday, reversing […]
US Dollar DXY Index Extends Recent Losses Toward the 90.20 Region
The DXY index loses more momentum and tests the 90.20 region. The optimistic sentiment persists after Biden took office as president of the United States. Weekly jobless claims, the Philadelphia Fed index, and housing data stand out on the US calendar. He US dollar DXY index, which measures the strength of the dollar against a […]
USD / CAD remains vulnerable ahead of US and Canadian employment data
USD / CAD remains under pressure near multi-year lows. USD weakness and upbeat BoC assessment weigh on the pair. Investors’ attention is on initial US jobless claims and Canadian employment data. The USD/ CAD is consolidating the previous day’s decline around the 1.2620 / 25 region, at the start of the European session on Thursday, […]
Aim upward, with an inverted shoulder-head-shoulder coming into play
GBP / USD is looking for its next move up. An inverted shoulder-head-shoulder pattern confirmed on the 4-hour chart. The bullish crossover and a bullish RSI point to additional gains. GBP / USD remains high ground as it looks to extend the advance above the 1.3700 level. The pair hit multi-year highs at 1.3719 on […]
Biden’s team fears the coronavirus wave will jeopardize their promise to curb the pandemic
Joe Biden’s team fears that The wave of coronavirus jeopardizes your promise to curb the pandemic. Joe Biden is outlining a plan: “A decisive public health response that ensures the wide availability of free trials; removing all cost barriers to preventive care and treatment for COVID-19; the development of a vaccine; and the full deployment […]
China to sanction 28 Americans
Following US sanctions in August against Hong Kong officials deemed to undermine the autonomy and freedom of the city, state media reported Wednesday that China has sanctioned 28 American individuals, including Pompeo, Navarro, John Bolton and Stephen Bannon. Earlier in the week, Beijing announced it would target US personnel in response to Washington bans triggered […]
Joe Biden Sworn in as 46th President, Markets Risk Appetite
Joe Biden is sworn in today as the 46th President, so markets had been on edge amid increased security after the uprising on Capitol Hill. Only about 1,000 socially estranged guests attended, including former presidents Barack Obama, George W. Bush y Bill Clinton. To little surprise Donald Trump was not present, making him the first […]
The upside target remains at 91.00
The DXY regains some composure and reverses the initial weakness. The intermediate obstacle appears in the area of ​​91.00. The US Dollar Index (DXY) found buyers in the 90.30 region early Wednesday and now resumes rising to the 90.50 / 55 band. Despite the ongoing rebound, the outlook for the dollar remains tilted to the […]
