OctaFX | OctaFX Forex Broker
Open trading account

Forex: US Dollar Index hovering over 83.00

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is trading in the defensive ground on Wednesday although keeping the key 83.00 figure so far, as markets remain biased towards riskier assets.

In the data front, US Durable Goods Orders disappointed investors contracting 5.7% on a monthly basis during March, missing the median at -2.8% and down from February’s 4.3% advance. Striping the Transportation sector, orders followed suit, falling 1.4% vs. +0.7% estimated and -1.7% previous.

At the moment, the index is losing 0.14% at 83.07 and according to tradingcentral.com the next support levels line up at 82.75, 82.55 and 82.35; resistance levels align at 83.20, 83.35 and 83.50.

US markets retreat on weak US data, dollar tumbles

Shares in the US markets are trading on the back foot on Wednesday, as poor data from Durable Goods Orders eclipsed upbeat earnings reports. The greenback, measured by the US Dollar Index, is posting...
Read more Previous

Forex: EUR/USD back above 1.3000

The euro has gathered momentum during the American afternoon and is back headed north versus the greenback, approaching daily highs. Amid choppy intraday price action, EUR/USD latest setback was contained by the 1.2970 area, sending EUR/USD back above 1.3000 in recent dealings.
Read more Next
Start livechat