US Dollar weaker, finds support at 97.00

July 26, 2016

The greenback, tracked by the US Dollar Index, is now picking up some pace after finding some support in the 97.00 neighbourhood.

US Dollar focus on data

The index is losing ground for the second session in a row, today deriving extra weakness following increasing demand for the safe have JPY in response to a potential disappointment at the BoJ meeting on Friday.

Data wise in the US calendar, the S&P/Case-Shiller index is due followed by New Home Sales, CB’s Consumer Confidence and Markit’s advanced Services PMI for the current month.

US Dollar relevant levels

The index is losing 0.26% at 97.03 and a breakdown of 96.77 (low Jul.21) would expose 96.64 (200-day sma) and then 95.38 (low Jul.5). On the flip side, the immediate hurdle aligns at 97.62 (high Jul.25) followed by 98.58 (high Mar.1) and finally 99.95 (high Jan.21).

Publication source
HYCM information  HYCM reviews

October 24, 2016
Dollar at a 3-week winning streak
The US dollar completed three weeks of back to back gains with the US dollar index seen trading above the 98.55 handle. Without any pullback so far, further upside could come at a significant risk...
October 24, 2016
Golden week for dollar but USD/JPY bucks trend
It has been a very good week for the US dollar and a really bad one for the euro and Canadian dollar, among others. The rally has lifted the Dollar Index to its highest level since early February and possibly on course to 100...
October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...

Orbex Rating
XM Rating
FIBO Group Rating
HotForex Rating
FxPro Rating
Tickmill Rating

IQ Option Rating
Empire Option Rating
OptionFair Rating
Binary Brokerz Rating
TopOption Rating
Banc De Binary Rating