Tuesday 14th April: DXY Holds Daily Resistance at 99.62; Daily Support Eyed at 98.45
Key risk events today: Australia NAB Business Confidence; China Trade Balance; […]
Monday 13th April: Weekly Technical Outlook and Review
EUR/USD conquered the 2016 yearly opening level at 1.0873 in recent trading. Skies beyond here are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239, is certainly a possibility in the week ahead.
Friday 10th April: Technical Outlook and Review
Key risk events today: China CPI y/y and PPI y/y; US […]
Thursday 9th April: DXY Modestly Higher Ahead of US Unemployment Data
Key risk events today: UK GDP m/m; OPEC Meetings; ECB Monetary […]
Wednesday 8th April: Technical Outlook and Review
Key risk events today: FOMC Meeting Minutes. (Previous analysis as well […]
Tuesday 7th April: DXY Eyes 101.00 After Fourth Successive Daily Gain
Key risk events today: Australia Trade Balance; RBA Cash Rate and […]
Friday 3rd April: DXY Bid Dominates Ahead of NFP
Key risk events today: UK Final Services PMI; US Average Hourly […]
Thursday 2nd April: US Dollar Index Struggles to Overthrow Daily Resistance at 99.62
The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.
Wednesday 1st April: Greenback Running Out of Steam Ahead of 100.00
The US dollar index failed to glean much impetus from better-than-expected Chicago PMI or US consumer confidence (dropped to 120 in March from 132.6 in February despite stronger-than-expected reading) measures Tuesday, after topping a shade under the 100.00 handle.
