The DXY index is struggling to get upward traction. Additional gains should face initial resistance near 91.50. The DXY index fails to sustain a bullish attempt as the general stance on the dollar remains tilted to the bearish side. With that said, possible occasional moves to the upside are expected to hit the intermediate hurdle […]
Tag: Index Dollar
The short-term barrier is seen at 91.50
The DXY starts the week on a positive note and surpasses 91.00. Further raises, they should face initial resistance at the 91.50 zone. The US Dollar Index (DXY) manages to regain its composure and advances past the 91.00 barrier at the beginning of the week. While the bearish stance remains unchanged, bouts of buying pressure […]
Stronger DXY US Dollar Index Recovers Above 91.00 Level
The DXY index accelerates the upward movement and recovers the level of 91.00 Risk-off sentiment lends support to the dollar. Consumer credit data stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, regains its smile at the beginning of a […]
Evans says the Fed isn’t expected to raise rates until 2023, probably 2024
The most important stimulus for the US economy in the coming months will be fiscalthe president of the Federal Reserve Bank of Chicago, Charles Evans, said on Friday, Reuters reports. Additional comments: “I was late to optimism about vaccine launch, I can imagine a upside risk to the economy“. “Am comfortable with current asset purchase […]
Factory orders increase 1% in October vs. 0.8% expected
Factory orders in the US increased more than expected in October. The US Dollar DXY Index remains in negative territory around 90.60. New orders for manufactured products, Factory orders in the US increased by $ 4.9 billion, or 1%, to $ 480.8 billion in October, data released by the US Census Bureau on Friday showed. […]
Increase pressure for a test at 90.00
The DXY remains weak near recent lows around 90.50. Further bearish momentum could lead to a re-visit at 90.00. The bearish stance remains strong for another session, leaving the US dollar index (DXY) exposed to further declines in the near term. That said, further declines remain with significant possibilities, with the immediate target at the […]
DXY US Dollar Index Under Pressure Around 90.60 Before NFP
The DXY index is moving defensively near 32-month lows. Risk appetite dominates sentiment in global markets. In the NFP jobs report, factory orders and several Fed speeches feature prominently on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends the downward movement […]
More falls are within the possibilities
The DXY falls further and tests 32-month lows around 90.80. The odds of further pullback continue to increase. The bearish momentum surrounding the dollar accelerates further and forces the US dollar index (DXY) to break out of key support at the 91.00 criterion. That said, more declines are within solid possibilities on a short-term horizon, […]
US dollar DXY index falls to new lows below 91.00
The DXY Index drops below the 91.00 support at fresh 32-month lows. Lingering optimism in risk appetite weighs on the dollar. ISM’s initial jobless claims and non-manufacturing PMI stand out on today’s economic calendar. The selling bias around the dollar gains an additional rhythm and drags the US dollar DXY index to new 32-month lows […]
XAU / USD poised to test $ 1,850 level amid weaker USD and gold crossover on charts
Gold remains poised to test the critical $ 1,850 level. Risk appetite weighs on the USD, lifting XAU / USD to weekly highs. The one-hour chart confirms a golden cross, with the RSI in the bullish zone. Gold prices (XAU / USD) continue to move higher at the start of the European session on Thursday, […]