The NZD / USD pauses in a familiar support zone, with its eyes set on a rally towards the 50% Fibonacci retracement. Markets await the US presidential inauguration immersed in an appetite for risk. The pair NZD / USD is trading around the 0.7115 level, correcting the last bearish momentum to the low of 0.7102 […]
Tag: Index Dollar
The dollar is not out of the woods yet
This is what you need to know to trade today Wednesday, January 20 in the Asian session: He mood The market was bullish for the first half of the day, pushing the dollar lower against its high-yielding rivals. Investors awaited the comments of the candidate for Secretary of the Treasury, Janet Yellen, who spoke before […]
Bulls accelerate to higher rises
GBP / USD remains poised for further gains amid favorable technical signals. The 200 HMA and the bullish crossover keep buyers hopeful. The 100 HMA at 1.3625 is in the spotlight amid the bullish RSI. He GBP/USD is setting the stage to extend Monday’s rally, with the short-term technical setup favoring the bulls. On the […]
Dollar retreats from highs awaiting testimony from Yellen, vaccine and virus news in focus
This is what you need to know to trade today Tuesday, January 19: The US dollar is shrinking its gains as US traders return from a long weekend, pushing equity futures higher. Treasury Secretary candidate Janet Yellen later testifies, laying out the case for fiscal stimulus. The coronavirus continues its advance, with Germany considering more […]
Immediately to the upside comes 91.00
The DXY is moving further north and is approaching the 91.00 level. The intermediate hurdle appears at the 55-day moving average at 91.15. The US dollar index (DXY) extends northward and is already trading near the 91.00 barrier, at new 2021 highs. A further upside now could see the weekly high in the 91.00 region […]
US dollar DXY index hits new 2021 highs near 91.00 level
The DXY index is moving higher and is approaching the 91.00 level. General cautionary sentiment bolsters demand for the dollar. US markets are closed on Monday due to the Martin Luther King holiday. He US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends Friday’s gains and […]
Aiming for a short-term consolidation
The DXY extends sideways trading above 90.00 on Friday. Further up, the 2021 high appears near 90.70. The US Dollar Index (DXY) remains in consolidation mode and manages well to stay above 90.00 for the time being. If the bulls regain control of sentiment more forcefully, then the index could revisit the 90.70 / 75 […]
Markets “Sell Fact” of Biden Stimulus, Dollar Rises, Retail Sales in Focus
This is what you need to know to trade today Friday, January 15: Markets are on the defensive after Biden hinted at tax increases by introducing stimulus. The safe haven dollar is on the rise despite Powell’s promise of accommodative monetary policy. US retail sales, consumer confidence and other figures compete with coronavirus figures in […]
Biden Announces His “American Rescue Plan”
The President-elect of the United States, Joe Biden, addressed the nation last night to explain how his administration will deal with the COVID-19 crisis to begin recovering. The aid package will be worth $ 1.9 trillion. The plan, called “American Rescue Plan” will include direct payments of $ 2000 to citizens, that is to say […]
US Dollar DXY Index Flirts With Highs Near 90.60 Awaiting Powell
The DXY index extends the rise and tests the 90.60 zone. Initial jobless claims increased by 965,000 over the past week. Powell, chairman of the Fed, will focus the attention of investors during the American session. He US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves […]
