30 Apr 2015
DXY recovery capped at 95.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, is returning to the 94.70 region after failed to sustain a break above the 95.00 mark.
DXY focus on the US docket
The dollar’s decline found some respite following the balanced tone from the FOMC meeting on Wednesday, managing to bounce off 94.40, although the bull run seems to have found strong resistance at 95.00 so far.
Ahead in the session, US Initial Claims, Personal Income/Spending and the inflation figures tracked by the PCE are all due, amidst the recent confirmation of the ‘data-dependency’ from the FOMC.
DXY relevant levels
The index is now retreating 0.43% at 94.80 with the immediate support at 94.40 (low Apr.29) followed by 94.06 (low Feb.26) and then 93.80 (low Feb.17). On the other hand, a surpass of 97.55 (high Apr.24) would open the door to 98.66 (high Mar.31) and finally 99.18 (high Apr.9).
DXY focus on the US docket
The dollar’s decline found some respite following the balanced tone from the FOMC meeting on Wednesday, managing to bounce off 94.40, although the bull run seems to have found strong resistance at 95.00 so far.
Ahead in the session, US Initial Claims, Personal Income/Spending and the inflation figures tracked by the PCE are all due, amidst the recent confirmation of the ‘data-dependency’ from the FOMC.
DXY relevant levels
The index is now retreating 0.43% at 94.80 with the immediate support at 94.40 (low Apr.29) followed by 94.06 (low Feb.26) and then 93.80 (low Feb.17). On the other hand, a surpass of 97.55 (high Apr.24) would open the door to 98.66 (high Mar.31) and finally 99.18 (high Apr.9).