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Tag: Index Dollar

2020 lows at 91.74 emerge on the horizon

2020 lows at 91.74 emerge on the horizon

The DXY index remains under heavy pressure and continues to target the 92.00 zone. A break out of this support should expose the 2020 low near 91.70. The downside momentum in the DXY index is accelerating, with the index falling below the key 6-month support line at the 92.45 / 40 region on Wednesday. Immediately […]

US dollar DXY index looks weak and falls to lows near 92.20 level

US dollar DXY index looks weak and falls to lows near 92.20 level

The DXY index loses more momentum and falls back to the 92.20 region. The focus remains on the pandemic and the increase in the number of cases. US housing data and various Fed speeches feature prominently on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the dollar against a basket […]

US Dollar Index Finds Support Near 92.20

US Dollar Index Finds Support Near 92.20

DXY remains mired in negative territory. US retail sales expanded less than estimated in October. US industrial production surprised to the upside last month. The stance offered by the dollar remains well in place for another session and drags the US Dollar Index (DXY) to fresh multi-day lows near 92.20 on Tuesday. The US dollar […]

The vaccine will lead to a strong recovery as it enters the population – Raphael Bostic

The vaccine will lead to a strong recovery as it enters the population – Raphael Bostic

The Federal Reserve will monitor the economy from now until the next meeting for guidance on possible changes to the asset purchase program.the President of the Atlanta Fed told CNBC on Tuesday, Raphael Bostic. Featured statements: “We are watching to see if the weakness in retail sales translates into something deeper.” “Some people may be […]

Tedros Says World Shouldn’t Be Complacent After COVID-19 Vaccine News

Tedros Says World Shouldn’t Be Complacent After COVID-19 Vaccine News

Commenting on the promising results of Moderna’s COVID-19 vaccine, World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus told a news conference on Tuesday that there were “many questions” and that it was not the time for complacency, as reported by Reuters. “While we continue to receive encouraging news about vaccines for COVID-19 and we […]

XAU / USD remains capped below the $ 1,900 level

XAU / USD remains capped below the $ 1,900 level

Gold remains below $ 1,900 as concerns about the virus outstrip hopes for the vaccine. The XAU / USD forms a doji candle pattern with long wicks on the daily chart. The focus remains on US retail sales and coronavirus data. The oro (XAU / USD) regains some ground during the European session on Tuesday, […]

US Dollar Index DXY Extends Fall To 92.40 Region Before Data

US Dollar Index DXY Extends Fall To 92.40 Region Before Data

The DXY index remains on the defensive and is approaching the 92.40 region. The markets’ attention remains on the pandemic in the face of the economic recovery. Data for US retail sales and industrial production will be released today, along with several speeches from the Fed. The US dollar index DXY, which measures the strength […]

XAU / USD trapped within a range below $ 1,900 awaiting further momentum

XAU / USD trapped within a range below $ 1,900 awaiting further momentum

Gold remains buoyed by softer Treasury yields and mounting fears around the coronavirus. Attempts to raise gold prices are limited by the rebound of the US dollar. The uptick in risk appetite on vaccine optimism appears to be fading, favoring the USD. Attempts to raise prices of the gold (XAU / USD) continue to be […]

DXY US Dollar Index Under Pressure Near 92.50 On Risk Appetite

DXY US Dollar Index Under Pressure Near 92.50 On Risk Appetite

The DXY index extends Friday’s losses and falls to the 92.50 region. The European session begins with optimism. The New York Empire State Index and several Fed speeches stand out 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 […]