Wednesday 13th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently demonstrates a bullish momentum, indicating a potential upward trend in price movement. There's a possibility of a bullish rebound from the 1st support level at 104.41, which is an overlap support.
Tuesday 12th September 2023: Technical Outlook and Review
The current analysis of the DXY (US Dollar Index) chart indicates a prevailing bullish momentum. There is a prospect of a bullish rebound anticipated at the 1st support level at 104.41, which is characterized as an overlap support.
Monday 11th September 2023: Asia-Pacific Markets Kick Off the Week with Mixed Performance
Global Markets: News & Data: Markets Update: Asia-Pacific markets had a […]
Monday 11th September 2023: Technical Outlook and Review
The DXY (US Dollar Index) chart currently displays a bullish overall momentum, with price situated within a bullish ascending channel. There's potential for a bullish bounce off the 1st support level at 104.65, identified as an overlap support.
Friday 8th September 2023: Technical Outlook and Review
The DXY chart presently demonstrates a bearish momentum, indicating a predisposition for further downward movement. The 1st support level at 104.53 and the 2nd support level at 103.94 are both recognized as overlap supports, underlining their significance in potentially halting price declines.
Trade the Loony on the Bank of Canada
Most economists are calling for the Bank of Canada to keep it’s overnight lending rate at 5% today after the GDP on Friday confirmed that the economy is slowing.
Wednesday 6th September 2023: Technical Outlook and Review
The DXY chart is currently characterized by a bullish overall momentum, indicating the potential for an upward trend in price movement.
Tuesday 5th September 2023: Asian Markets React to Central Bank Decision and Inflation Trends
Global Markets: News & Data: Markets Update: Australia’s central bank, the […]
Tuesday 5th September 2023: Technical Outlook and Review
The DXY chart exhibits a bullish momentum, indicating an upward trend in price movement. This sentiment is supported by the price's position within a bullish ascending channel, suggesting the potential for further upward momentum.
