US Dollar Index: 102.75-103.75 looks the near-term range – ING
Source Fxstreet
FX markets continue in their slightly risk-averse mode. Economists at ING analyze US Dollar’s outlook.
Rangebound trading is the order of the day
We continue to see a very mixed investment environment and one in which conviction views can be dangerous.
European FX markets will today be monitoring how US asset markets react to the news that the Fed will not be renewing its Bank Term Funding Program. US regional banks will be in focus here.
We think rangebound trading is the order of the day, with little follow-through should the Dollar look particularly bid or offered.
102.75-103.75 looks the near-term DXY range.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin briefly dips under $90,000 as profit-taking drags ETH, XRP and BNB lowerBitcoin briefly slipped below $90,000 after hitting $94,000 earlier in the week, with ETH falling to $3,120 as traders cited profit-taking, $150 million in long liquidations, and macro uncertainty including U.S. jobs data and tariff-related Supreme Court risks.
Bitcoin briefly slipped below $90,000 after hitting $94,000 earlier in the week, with ETH falling to $3,120 as traders cited profit-taking, $150 million in long liquidations, and macro uncertainty including U.S. jobs data and tariff-related Supreme Court risks.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Gold selling pressure persists as traders lock in profits ahead of US NFP reportGold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
Gold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
MSCI's new rules limit passive investment demand for newly issued shares, impacting Bitcoin-linked companies' fundraising strategies.
Gold Price Forecast: XAU/USD declines to near $4,450 as safe-haven demand eases Gold price (XAU/USD) declines to near $4,450 during the early Asian trading hours on Thursday. The precious metal loses momentum as traders book profits after a recent rally. Later on Thursday, the weekly US Initial Jobless Claims data will be released.
Gold price (XAU/USD) declines to near $4,450 during the early Asian trading hours on Thursday. The precious metal loses momentum as traders book profits after a recent rally. Later on Thursday, the weekly US Initial Jobless Claims data will be released.
Related Instrument
