USD Index, Continues To Consolidate! The USD Index is neutral at the moment, immediate support comes at the 89.45 levels, while resistance comes at the 90.18 levels.On the upside, a daily closing above 89.45 will extend recovery to the 90.75 levels where rejection is very likely, a clear break above that...
USD Index: Consolidates With Upside Bias The US Dollar Index remains on the upside as long as 93.59/93.10 support holds on a daily closing basis, resistance comes at the 94.00 levels, a halt is likely if seen it will retest the 93.59/93.10 levels before another rising, however; above 94.00 levels,...
U.S Dollar Index Outlook in USDINDEX remains neutral with risk to the downside as long as 93.28 resistance holds on a daily closing basis, support comes at the 92.46 levels. At this point, I'd expect a strong support from the 92.46 levels to contain fall from the 95.04 levels and bring rebound,...
Last Week's Recap The US dollar continued to fall last week, especially after the Federal Open Market Committee meeting.The Fed's report showed some concern and caution about inflation, which reflected negatively on the dollar. In the ahead, investors will be focused on comments from a number of Federal Reserve speakers,...
Last Week Recap The dollar fell against a basket of the other major currencies last week, as U.S index still under pressure below 94.50 levels. Immediate support 93.27/93.02 levels. At this point, I'd expect a strong support from the 93.02/93.02 levels to contain fall from the 95.02 levels and bring...
Last Week Recap with the lack of important economic news from the US last week, the U.S dollar ticked down against a basket of the other major currencies as we expected before, anyway; before we continue let's take a quick look at the U.S dollar index, to see the strength of...
Last Week Recap 1- The Fed leaves the door open for a rate hike at December meeting (showed on FOMC meeting on Wednesday), the Fed also said: "the actual path of the federal funds' rate will depend on the economic outlook as informed by incoming data." 2- Bank of England raises interest...
Last Week Recap The U.S dollar index continued its bullish momentum last Thursday after ECB's dovish statement, the central bank decided to cut QE To €30 Billion, and the comments from president Draghi that the strong euro threatens economic growth in the euro area. This development put the EURO under heavy...
Last Week Recap The U.S dollar index maintained a bullish momentum last Friday, bottomed at the 92.95 levels and topped at the 93.63. This development leaves the index targeting the 93.91 levels, a halt is likely and it may turn lower from here if seen support comes at the 93.63...
Last Week Recap At the beginning of the week, the pound rose against the dollar on positive U.K Manufacturing Production data, the report showed that U.K data remained the same as the previous month at 0.4%. Analysts had expected it to slip to 0.2% a month earlier!This development not only...