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Dollar index (USDX) rises closer to 107
Updates here last week and again yesterday noted the potential for the Dollar index (USDX) to press on towards the 107 handle. Well, so far today little has changed in that outlook. The Index has now forced its way to a new 2024 high. That comes as the USD/JPY now rises above 154.50 for the first time in 34 years this morning. The EUR/USD is closer to the 1.06 handle right now too and the GBP/USD is still reeling from that really crummy jobs report. So the USD index is now edging towards 106.50 and it goes without saying; that 107 handle is well and truly on the radar now.
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...
