4 Jun 2015
DXY turns positive near 95.50
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, has regained the 95.00 handle following the releases in the US economy, fully recovering the initial drop.
DXY coming up from 94.70
A continuation of the sell off in the German Bunds kept bolstering the upbeat tone in the risk-associated assets during the European morning, although better figures from the US Initial Claims (276K act.) seem to have removed some upside momentum and returned the index to the positive ground.
In light of Friday’s US Non-farm Payrolls, today’s positive results from the labour market add to Wednesday upbeat figures from the ADP report (201K act.), allowing market participants to adventure a positive surprise tomorrow, and at the same time giving some extra oxygen to the dollar.
DXY relevant levels
The index is now up 0.01% at 95.47 with the next resistance at 96.51 (high Jun.3) followed by 97.68 (high Jun.1) and finally 97.77 (high May 27). On the downside, a breach of 94.73 (low Jun.4) would open the door to 94.09 (low May 19) and then 93.89 (low May 7).
DXY coming up from 94.70
A continuation of the sell off in the German Bunds kept bolstering the upbeat tone in the risk-associated assets during the European morning, although better figures from the US Initial Claims (276K act.) seem to have removed some upside momentum and returned the index to the positive ground.
In light of Friday’s US Non-farm Payrolls, today’s positive results from the labour market add to Wednesday upbeat figures from the ADP report (201K act.), allowing market participants to adventure a positive surprise tomorrow, and at the same time giving some extra oxygen to the dollar.
DXY relevant levels
The index is now up 0.01% at 95.47 with the next resistance at 96.51 (high Jun.3) followed by 97.68 (high Jun.1) and finally 97.77 (high May 27). On the downside, a breach of 94.73 (low Jun.4) would open the door to 94.09 (low May 19) and then 93.89 (low May 7).