The DXY consolidates the breakout of the 90.00 level. A serious move above 90.00 could point to 91.00. After bottoming out at new lows around 89.20 last Wednesday, the dollar index (DXY) managed to rally and is extending the move beyond 90.00 on Monday. If the bullish attempt becomes more sustainable, there is a possibility […]
Tag: Index Dollar
DXY flirting with 90.00 and looking at the DMA of 21
The dollar index continues to flirt with the 90.00 level. The dynamics of the USD have changed since the Democrats took control of Congress after winning the two Senate elections on Tuesday in Georgia. DXY recently outpaced a two-month downtrend that started in early November. The Dollar Index, a trade-weighted basket of major USD exchange […]
The dollar level is not something that worries me
The Vice Chairman of the Federal Reserve, Richard Clarida, said on Friday that they do not target dollar levels, but added that they are not oblivious to the effects that the dollar can have on inflation, as reported by Reuters. Additional conclusions “Headlines on the dollar often overlook what happened in the previous 3-4 years.” […]
Treasury yields remain incredibly low
The Vice Chairman of the Federal Reserve, Richard Clarida, said Friday that US Treasury yields are “still incredibly low” despite the rally seen this week, as reported Reuters. Additional conclusions “A little further before we declare victory in goals and start reducing.” “Hoping to keep up with shopping this year.” “You could see some inflation […]
The US dollar index turns negative around 89.70
DXY loses momentum and returns to levels below 90.00. US non-farm payrolls stood at -140,000 in December. The US unemployment rate was unchanged at 6.7%. The dollar, when measured by the US dollar index (DXY), it trades on the defensive and returns to the 89.70 / 65 zone. US Dollar Index Slashes Gains Following NFP […]
Strong resistance hovers above 90.00
The DXY fails at the 21-day SMA just above 90.00. A serious move above 90.00 could lead to 91.00. After bottoming out at new lows around 89.20 on Wednesday, the dollar managed to rally and advanced past 90.00, where it ran out of steam. Despite the ongoing rally, the outlook for the dollar remains negative, […]
Provisional resistance emerges at 90.16
The DXY manages to make up recently lost ground and is approaching 90.00. The further recovery points to the minor barrier at the 21-day moving average at 90.16. After bottoming out at new lows around 89.20 on Wednesday, the US Dollar Index (DXY) managed to rebound somewhat for now and is now trading near the […]
US National Security Advisor resigns after Capitol storming, Congress ready to confirm Biden as next president
In an unexpected turn of events after the Wednesday afternoon / evening attack on Capitol Hill, Bloomberg confirms the Resignation of US National Security Advisor Matt Pottinger, at your expense. Pottinger is among WH officials dismayed by the protesters’ attack and Trump’s role in inciting violence. Pottinger intended to resign on Election Day regardless of […]
A movement is outlined to 89.00
The DXY remains on the defensive and closer to the 89.00 level. The next prominent target appears at 88.94, the low of March 2018. The pessimism surrounding the dollar remains firm and solid into early 2021, with the US dollar index (DXY) falling to new lows at the 89.20 zone on Wednesday. The outlook for […]
DXY Dollar Index Drops to New 34-Month Lows Near 89.20
The index loses more momentum and is approaching 89.00. Investors continue to favor the risk complex to the detriment of the dollar. The FOMC minutes, the ADP report and factory orders are the next major events on today’s economic calendar. The dollar, in terms of the US dollar index (DXY), continues to lose ground and […]