The DXY, or US dollar index, retained its bid tone yesterday, though remains struggling to overthrow a weekly resistance positioned at 97.72.
09
May
2019
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08
May
2019
Wednesday 8th May: Greenback grinds north, though has gains capped on trade concerns.
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US equities declined sharply Tuesday, as financial markets contended with the risk of an all-out trade war between China and the United States. The S&P 500 ended the session down 1.65%.
07
May
2019
Tuesday 7th May: Dollar remains languishing beneath weekly resistance; further downside possible.
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Sterling reclaimed a large portion of Friday’s NFP-induced gains Monday, weakened on the back of comments from senior Labour figures, who chucked cold water over the prospect of an imminent cross-party development.
05
May
2019
Monday 6th May: Weekly technical outlook and review.
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Violating a two-week bearish phase within the parapets of a long-standing demand zone at 1.1119-1.1295, the EUR/USD recovered in reasonably strong fashion last week.
03
May
2019
Friday 3rd May: Greenback eyes 98.00 ahead of today’s NFP.
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The US dollar index also regained weekly resistance at 97.72, potentially offering support going forward.