OctaFX | OctaFX Forex Broker
Open trading account

Forex: US Dollar Index flat above 82.50

The greenback, measured by the US Dollar Index, is trading almost unchanged on Monday, meandering between 82.30 and 82.50 in response to the lack of direction prevailing in the markets.

Focusing on the near term and remarking the recent upside, David Solin, analyst at FXA.com, commented, “But view the recent gains as part of a much larger period of wide ranging, with at least another month or 2 of this chopping, and not seen as the start of a major new upleg”.

At the moment, the index is losing 0.04% at 82.31 and according to tradingcentral.com, the next resistance levels line up at 82.60 and 82.70; while supports sit at 82.15, 81.75 and 81.60

US markets in red as Chinese woes loom

Equities in the US markets are trading in the defensive position at the beginning of the week, as the likeliness of Chinese measures to counteract the worrying bubble in the housing sector could hamper the recovery...
Read more Previous

Forex: GBP/USD extends recovery to 1.5100

The Cable has continued recovering ground during the American session and it is now approaching the 1.5100 psychological level, after today's decline was contained by the 1.5000 area during the European session.
Read more Next
Start livechat