OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: US Dollar Index testing lows

FXstreet.com (Barcelona) - The increasing risk appetite continues to punish the greenback on Thursday, dragging it to session lows around 82.20/25 gauged by the US Dollar Index.

“We suspect many observers give too much credence to the FOMC minutes where the ongoing discussion of exit strategies and timing are mentioned. Bernanke's warning about the "spring slump" is important and indicates it is premature to expect the Fed to begin tapering off the asset purchases any time soon”, commented the research team at Brown Brothers Harriman.

At the moment, the index is down 0.45% at 82.26 and in the view of tradingcentral.com a dip below 82.05 would expose 81.90 and then 81.75; on the flip side, resistance levels align at 82.40, 82.60 and 82.80.

US markets extend gains after jobs data

The upbeat weekly report from the US labour market showed Claims dropping to 346K in the week ended on April 6, bettering the median and previous print. That was enough to bolster the recent...
Read more Previous

Forex: EUR/USD remains capped by 100-day SMA

Following a limited correction, EUR/USD bounced back to the upper-side its range but lacked momentum to break above 1.3140 (100-day SMA), which remains as key level to overcome.
Read more Next
Start livechat