OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: US Dollar index up above 83.00

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar index, is posting gains on Tuesday, trimming recent losses and regaining at the same time the key resistance at the 83.00 figure.

The prevailing risk-off tone due to the uncertainties in Cyprus helped to temper the mixed data from the US economy, where house prices and durable goods orders beaten expectations against poor consumer confidence and new home sales.

As of writing, the index is up 0.10% at 83.07 and according to tradingcentral.com, the next resistance levels align at 83.10, 83.20 and 83.35; while support levels are located at 82.50, 82.30 and 82.15

Forex Flash: Currency markets pricing into prolonged US recovery – ANZ

The lack of global growth momentum remains the key challenge to our core currency views. As a consequence, our trades remain currency-specific in nature. According to the ANZ Research Team, “Several factors, however, are signaling that the move to Dollar strength is mature. Trends in ANZ’s China Commodity Index imply that China tightening fears are likely to diminish at the margin, the UK is less comfortable with a weaker GBP, Europe has delivered its latest bailout (albeit indelicately), and positioning on the ‘dollar has turned’ view seems very significant.”
Read more Previous

Forex: EUR/USD on auto pilot around 1.2850/55

Nothing seems to bother the euro on Tuesday, keeping the dullness intact in the vicinity of 1.2850/55 and unusually trading in a very narrow range....
Read more Next
Start livechat