DJIA26729.37
LIVE10.24(0.04%)
NDX7723.02
LIVE-5.76(-0.07%)

US Dollar firm above 90.00 ahead of G-20, FOMC


Monday, 19 March 2018 16:04 WIB

DOLLARDolar ASUSD


c_740_198_16777215_00_images_assets_CURRENCY2_140902104905-strong-dollar-1024x576.jpg

The greenback, tracked by the US Dollar Index (DXY), is extending its march north on Monday and is looking to consolidate the recent breakout of the 90.00 handle.

The index is advancing for the fourth session in a row so far today, prolonging the bounce off last week’s support in the mid-89.00s.

Broad risk appetite trends continue to be the almost exclusive catalyst behind the buck’s price action, although trade issues and a pick up in geopolitical concerns following the UK-Russia poison scandal are also collaborating with the sentiment.

Ahead in the week, the Federal Reserve is widely expected to hike rates although the focus of attention will be on the tone of the first meeting lead by Chief Powell and the fresh projections from the FOMC.

Further news around USD noted speculators are now holding net longs positions for the first time since January 9, as per the latest CFTC report for the week ended on March 13.

US Dollar relevant levels

As of writing the index is gaining 0.08% at 90.26 facing the next up barrier at 90.57 (high Feb.8) seconded by 90.93 (high Mar.1) and finally 91.00 (high Jan.18). On the flip side, a breakdown of 89.88 (23.6% Fibo of 95.15-88.25) would open the door to 89.56 (low Mar.14) and then 89.41 (low Mar.7)

Source : FXstreet


RELATED NEWS

  • In a tight range to start the week, USD/JPY is flat around 107.30 in Tokyo, up from 107.05 from Friday's business but below 107.75 highs. The yen has picked up a safe haven bid and flows out of the gr...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.