Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    USD Index could slip towards 101.90/102.00 – Scotiabank

    Source Fxstreet
    January 10, 2024 14:06

    The USD is a little softer overall on the session so far. Economists at Scotiabank analyze Dollar’s outlook.

    Markets lack motivation ahead of US CPI

    There is little to suggest FX markets are doing anything different from the trading patterns seen so far this week – idling ahead of Thursday’s US CPI data.

    Short-term DXY technical trading patterns suggest a softer USD undertone overall on the day so far which may mean more USD drift in the short run and some slippage in the DXY to the lower end of its post-NFP trading range (near 101.90/102.00).

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    US Dollar trades neutral while the US commemorates Presidents’ DayThe US Dollar (USD) measured by the Dollar Index (DXY) stands neutral around 104.30 with American traders on the sidelines celebrating the US Presidents’ Day and markets digesting the Producer Price Index (PPI) data from last Friday.
    Source  Fxstreet
    The US Dollar (USD) measured by the Dollar Index (DXY) stands neutral around 104.30 with American traders on the sidelines celebrating the US Presidents’ Day and markets digesting the Producer Price Index (PPI) data from last Friday.
    placeholder
    US Dollar surges amid hot January CPI dataThe US Dollar (USD) witnessed an upward thrust on Tuesday, trading at 104.80 on the Dollar Index (DXY).
    Source  Fxstreet
    The US Dollar (USD) witnessed an upward thrust on Tuesday, trading at 104.80 on the Dollar Index (DXY).
    placeholder
    US Dollar gains additional ground on strong US Services PMIThe US Dollar (USD) measured by the DXY index rose on Monday to 104.50, its highest level since mid-November.
    Source  Fxstreet
    The US Dollar (USD) measured by the DXY index rose on Monday to 104.50, its highest level since mid-November.
    goTop
    quote