20 Jul 2015
USD Index flirting with 98.00
FXStreet (Edinburgh) - The USD Index, which tracks the greenback vs. a basket of its main rivals, is posting decent gains in the boundaries of the 98.00 handle on Monday.
USD Index still capped by 98.00
After two consecutive weeks closing in the red territory, the index has managed to not only revert that negative streak but also regain multi week tops in the 98.00 neighbourhood. Positive results from the US docket in combination with hawkish testimonies by Chair J.Yellen last week, has confirmed the upbeat tone of the US dollar, which continues to struggle to surpass the 98.00 area with more conviction.
Nothing schedules in the US docket today, while relevant releases will come later in the week: Existing Home Sales and Markit’s Services PMI (Wednesday), Initial Claims (Thursday) and Markit’s Manufacturing PMI and New Home Sales (Friday).
USD Index Index relevant levels
As of writing the index is advancing 0.16% at 98.01 with the next hurdle at 98.46 (high Apr.21) followed by 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the downside, a break below 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).
USD Index still capped by 98.00
After two consecutive weeks closing in the red territory, the index has managed to not only revert that negative streak but also regain multi week tops in the 98.00 neighbourhood. Positive results from the US docket in combination with hawkish testimonies by Chair J.Yellen last week, has confirmed the upbeat tone of the US dollar, which continues to struggle to surpass the 98.00 area with more conviction.
Nothing schedules in the US docket today, while relevant releases will come later in the week: Existing Home Sales and Markit’s Services PMI (Wednesday), Initial Claims (Thursday) and Markit’s Manufacturing PMI and New Home Sales (Friday).
USD Index Index relevant levels
As of writing the index is advancing 0.16% at 98.01 with the next hurdle at 98.46 (high Apr.21) followed by 99.36 (high Apr.15) and then 99.70 (high Apr.14). On the downside, a break below 95.08 (low Jun.26) would aim for 94.86 (low Jun.30) and finally 94.72 (low Jun.29).