The US Dollar Index (DXY), which tracks the price action of the dollar against the top seven currencies, enjoyed some upward mobility this week amid the worsening risk-off sentiment across the financial markets. The greenback recorded its fourth consecutive bullish day on Tuesday, as it received support from heightened geopolitical fears as military presence and […]
The USD/CAD pair has retraced from its one-week high recorded yesterday as we head into the London session on Tuesday. The recent pullback in oil prices, Canada’s key export item, appears to be behind the recent surge in the Loonie pair. At press time, the WTI crude oil trades down by -1.02% at $93.74 per […]
The US dollar managed to muster a mild rally on Friday from a two-week low of 95.13, following better-than-expected job reports. The goodish data increases the US Federal Reserve’s chances of implementing a rate hike in its policy meeting in March. The dollar index (DXY), which tracks the strength of the Sialkot against six top […]
The US dollar currently struggles to backtrack from what could be its highest weekly fall in over a year on Friday, as investors pulled away from the greenback as they believe that the possible rate hikes this year have been fully priced in. The dollar fell against most of its competitors following a data release […]
The US dollar index (DXY) maintained a sideways bias in the early trading session on Tuesday as traders remained on the sidelines ahead of incumbent Fed Chair Jerome Powell’s nomination hearing later today, for clues on possible price breakouts. In his released opening remarks published yesterday, Powell would pledge to curtail excessive inflation from “becoming […]
The US dollar maintained a bearish bias in the London session on Tuesday amid the growing market appetite for risk assets and currencies. The DXY extended its losses overnight following a bump on Democratic spending plans in Washington. However, a more bearish reaction got prevented amid the spike in Omicron cases across the globe, which […]
The DXY – dollar index fell in early Monday trading, weighed down by a surge in risky currencies, although it remains close to its three-and-a-half-month high set last week. The broader increase stays unchanged, with sustained sideways trading regarded as a plausible scenario ahead of this week’s Fed policy meeting and US GDP data. The […]
USDCHF Price Analysis – February 23 USDCHF has been outperforming during the European session breaking the above-known barriers. The pair emerges from lows at 0.8949 level while sustaining its upside run past the 0.9000 level. At the moment, US Dollar Index (DXY), is down 0.1% on the day after it rose to a daily high […]
The dollar index finally resumed its medium-term downtrend from 102.99 last week and hit a low of 90.47. While the daily moving averages are showing signs of accelerating downward movement, the RSI indicates that the DXY is already deeply oversold. There is the prospect of some support at the psychological 90 level, which coincides with […]
