USD Index climbs to 3-week tops past 102.00 ahead of data – by pabspiovano DollarIndex Currencies Majors
Persistent debate over a soft or hard landing for the US economy. Terminal Interest rate near the peak vs. speculation of rate cuts in late 2023 or early 2024. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is gaining 0.08% at 101.93 and the breakout of 102.55 would open the door to 103.54 . On the other hand, immediate contention emerges at 100.55 prior to 100.00 and then 99.57 .
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD Index Price Analysis: Immediate barrier emerges just above 102.00DXY maintains the optimism well in place and advances for the third session in a row at the beginning of the week. The index appears poised to extend
Read more »
US Dollar Index: DXY struggles below 102.00 on mixed mood ahead of US ISM Manufacturing PMIUS Dollar Index: DXY struggles below 102.00 on mixed mood ahead of US ISM Manufacturing PMI – by anilpanchal7 DollarIndex Fed PMI China Employment
Read more »
USD Index to trade 101.00-102.00 near term – INGThe Dollar is proving quite resilient. Economists at ING analyze USD outlook. Dollar can probably trade out ranges over coming weeks Cross-market vola
Read more »
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, GBP/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of July 30th, 2023 here.
Read more »
Trading Support and Resistance \u2013 EUR/USD, USD/JPYThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, S\u0026P 500 Index, EURThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »