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 Recovers With Caution! As long as 89.00 support holds on a weekly closing basis, the USD Index remains in a recovery mode and further upside could be seen to the 90.30/90.95 levels, a halt is likely and it may turn lower from here, but a break will extend...
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,...
In the week ahead, market players will be focusing on Wednesday’s U.S Federal Open Market Committee meeting for further indications on the strength of the U.S economy and the possible time of next U.S rates hike... The focus will also be on central banks meeting in Japan, Switzerland, and the U.K...
USDINDEX: Bullish Eyes Further Upside! The USD Index maintained a bullish momentum last week, bottomed at the 90.05 levels and topped at the 91.76 levels. Now the focus will be on the 91.76 levels. The USD Index will have to break and hold above the 91.76 levels on a weekly...
Last Week Recap: The U.S dollar gained against a basket of major currencies on Friday, following comments from Fed Chair Janet Yellen and Fed Vice Chair Stanley Fischer. Fed Chair Janet Yellen said the case for U.S. interest rate hikes has strengthened in recent months due to improvements in the labor market and to expectations...
USD Index Consolidates With Downside Bias! As long as 90.95 resistance holds on a weekly closing basis, the USD Index remains neutral with a risk to the downside, support comes at the 88.82/87.78 levels, a halt is likely but a cut through support level will restore the downside momentum and open...
USD INDEX" Bearish Despite Recovery Attempts! As long as 89.00 support holds on a weekly closing basis, the USD Index remains in a recovery mode and further upside could be seen, but upside above 89.00 should be contained well by the 90.30/90.95 levels, above 90.95 on a weekly closing basis...
Ahead of the coming week, here is a list of the biggest events on the economic calendar that are most likely to affect the markets next week: 1- U.K CPI, unemployed report, retail sales & PMI data ... The U.K will release data on Consumer Price Inflation for June on Tuesday...
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,...