The recent sell-off on DXY found decent support around 92.00. The 2020 low near 91.70 emerges as the next key support. The DXY manages to recover from Monday’s lows near 92.00, although the bull run appears to have slowed around the key 93.00 zone. That being said, the door remains open not only for the […]
Tag: Index Dollar
XAU / USD recovery stops at $ 1,890 region
Gold stops rebounding amid a bearish crossover on the 1 hour chart. The RSI on the 1 hour chart has turned flat within the bearish zone. A test of the key support at $ 1,848 is on the table. After failing to find acceptance above the $ 1,890 region during the European session on Tuesday, […]
US Dollar DXY Index Loses Some Momentum, Backing Near 92.60
The DXY index returns part of Monday’s gains and falls back to 92.60. The markets’ attention revolves around US policy and the COVID-19 vaccine. The NFIB index, the IBD / TIPP index and some speech by members of the Fed will take place during the American session today. Following strong gains on Monday, the US […]
Trump fires Defense Secretary Mark Esper, markets are on the lookout for civil unrest
In a couple of tweets Monday afternoon, President Donald Trump said he fired his Secretary of Defense, Mark Esper. Lately we’ve seen a number of exits from the Pentagon. Esper’s tenure as a senior Pentagon official followed the resignations of the first secretary of DTrump’s defenseman, James Mattis, and then-acting Defense Secretary Patrick Shanahan. ” […]
Markets rise sharply after Prizer announcements of 90% efficacy in its vaccine
Markets soar after announcement about the coronavirus vaccine. The yen, the dollar and gold plummet. Oil soars more than 5% and Wall Street futures point to a 3% rise. Pfizer announced that the first studies on the stages of the coronavirus vaccine were 90% effective. Stock markets shot up in seconds after the report, generating […]
The bears are targeting the 91.55 level as the path of least resistance appears lower
The US dollar DXY index stops the decline, it is not out of the woods yet. The bears need a sustained break below the September lows of 91.75. The decrease in electoral uncertainty in the US increases the appetite for risk and weighs on the dollar. The bears are taking a breather early in the […]
US dollar index falls to 2-month lows near 92.20, focuses on elections
DXY extends the slide to multi-week lows near 92.20. US non-farm payrolls reached 638,000 in October. The US unemployment rate decreased to 6.9% (from 7.9%). The dollar remains submerged in a red sea and is trading at new 2-month lows in the 92.20 region when tracked by the US Dollar Index (DXY). The US dollar […]
Odds for a test rise to 2020 lows near 91.70
DXY downside momentum gains strength and is approaching 92.00. The 2020 low near 91.70 emerges as the next key support. The US Dollar Index (DXY) intensified the slide and is already trading at two-month lows in the 92.30 region, as appetite for riskier assets remains good and solid in global markets. That being said, the […]
US dollar DXY index comes under further pressure near 92.40 ahead of NFP
The DXY index continues to weaken near the 92.40 level. Biden continues to lead the race for the White House. NFP Non-Farm Payrolls will focus investors’ attention at the start of the US session. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, is under additional […]
Biden takes the lead in Georgia with 99% of votes counted
With 99% of the estimated votes counted in Georgia, there seems to be a change in the expected result, as the former vice president Joe Biden takes the lead. President Trump has weakened on the battlefield state after his lead has continued to shrink in recent hours. It seems unlikely that he can win back […]
