US Dollar Index Technical Analysis: Recovery is eroding the key 200-day SMA in the 96.60 region

DXY is trading in fresh multi-day peaks on Monday, briefly testing the key 200-day SMA at 96.60, just to lose some ground afterwards.
Immediately above emerges the multi-month resistance line just above 96.70. The greenback needs to clear this area on a convincing fashion in order to retake the constructive outlook.
Further up aligns the 100-day SMA at 97.08 ahead of the 55-day SMA at 97.31, considered interim hurdles.

DXY daily chart

Jul 1, 2019

PBOC Adviser: No 'big' stimulus needed unless trade war worsens

On the sidelines of the World Economic Forum (WEF), the People’s Bank of China (PBOC) Adviser Ma Jun said that China’s economy is likely to grow more

Devamını oku Previous

Jul 1, 2019

PBOC Adviser Ma: Expects China to abolish benchmark lending rate, does not give timeframe

Further comments are out from the Chinese central bank (PBOC) Adviser Ma Jun, with the key headlines noted below. Expects China to abolish benchmark l

Devamını oku Next