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Dollar index (USDX) extends rebound into the weekend- can it gain more this week?
On Friday the rebound in the dollar saw the USD index (USDX) close at 104.396. That was pretty close to its best level of the day, at 104.42 and well above the low seen earlier in the week, when it based out at 103.65 on Wednesday. That close on Friday was also fractionally (and potentially importantly) back above its 200 day moving average which was in place then at 104.388. Overnight the index did slip slightly on the Asian opening, after the news of Biden quitting the US presidential race dented the dollar slightly across the board. The index dropped to a low at 104.18, but it has recovered much of that since. However, it is yet to reclaim that 200 day moving average again. That is currently in place today at 104.377. The high seen so far today has been set at 104.358 and it is currently trading at 104.33
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
