OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: US Dollar Index flat around 81.50

The greenback, measured by the US Dollar Index, is trading unchanged on Friday, closing a very positive week after the FOMC minutes have boosted its demand.

The USD is expected to be in the limelight in the upcoming sessions, as the uncertainties surrounding the so-called US ‘sequester’ are growing bigger as we get closer to the March 1st deadline.

As of writing, the index is losing 0.01% at 81.54, and according to tradingcentral.com, the next resistance levels line up at 81.75 and 82.05; while support levels are located at 81.15, 80.80 and 80.70

US markets advancing firmly after German data, HP

US shares are posting strong gains on Friday, bolstered by positive German data from the IFO series and results above expectations from Hewlett-Packard Co. (HPQ), in a context where traders continue...
Read more Previous

Forex Flash: EUR/USD running out of steam on the way up – Commerzbank

The minutes of the Fed meeting in January have strengthened the signal pointing to a reduction of quantitative easing measures as early as this year, according to Carolin Hecht, analyst at Commerzbank. "The continued recovery of the US economy, combined with the possibility that the Fed might become significantly less expansionary in the second half of the year, is the strongest plus for the greenback".
Read more Next
Start livechat