USD Index extends the breakout of 102.00 ahead of data – by pabspiovano DollarIndex Currencies Majors
: Rising conviction of a soft landing of the US economy. Prospects for extra rate hikes by the Federal Reserve vs. speculation of a recession in the next months. Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is up 0.08% at 102.32 and the immediate hurdle comes at the weekly high at 102.89 followed by 105.63 and then 106.47 . On the flip side, the breach of 101.50 would open the door to 101.29 and finally 100.00 .
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week -USD/JPY, BTC/USD, GBP/USD, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 29th, 2022 here.
Read more »
USD Index wobbles around 102.00, focus remains on FOMCThe greenback, in terms of the USD Index (DXY), exchanges gains with losses in the 102.00 neighbourhood at the beginning of the week. USD Index remain
Read more »
Weekly Forex Forecast \u2013Gold, EUR/USD, AUD/USD, S\u0026P 500 IndexThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
NZD/USD struggles to sustain above 0.6500 as USD Index shows stellar recoveryThe NZD/USD pair is failing in keeping its auction above the psychological resistance of 0.6500 in the early European session. The Kiwi asset is facin
Read more »
GBP/USD Price Analysis: Finds demand below 1.2350 as USD Index dropsThe GBP/USD pair has sensed a buying interest after dropping below 1.2340 in the Asian session. On Monday, the Cable witnessed selling pressure after
Read more »
EUR/USD drops further below 1.0850 as USD Index recovers firmly, Eurozone GDP eyedThe EUR/USD pair has extended its downside move below 1.0850 after an intensive selling action by the market participants around 1.0860. The pullback
Read more »