The US Dollar (USD) retraces on Monday after a very strong week in which the Greenback seemed to be on steroids. Markets are breathing a sigh of relief after Iran carried out a well-communicated attack against Israel without significant casualties
The US Dollar faces some selling pressure after the de-escalation of tensions in the Middle East. Traders brace for US Retail Sales data on Monday. The US Dollar Index falls below 106.00 and looks for nearby support. The US Dollar retraces on Monday after a very strong week in which the Greenback seemed to be on steroids.
On the upside, the first level for the DXY is the November 10 high at 106.01, just above the 106.00 figure. Further up and above the 107.00 round level, the DXY Index could meet resistance at 107.35, the October 3 high. On the downside, the first important level is 105.88, a pivotal level since March 2023. Further down, 105.12 and 104.60 should also act as a support, ahead of the region with both the 55-day and the 200-day Simple Moving Averages at 103.97 and 103.84, respectively.
Macroeconomics Unitedstates SEO
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GBP/USD Weekly: Pound Sterling weakens further as Middle-East tensions, inflation lift US DollarThe Pound Sterling (GBP) resumed its downside against the US Dollar (USD), sending the GBP/USD pair to the lowest level in four months below 1.2500.
Weiterlesen »
WTI gains momentum above $86.00 amid ongoing Middle East geopolitical tensions, weaker US DollarWestern Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.25 on Tuesday.
Weiterlesen »
Community outraged after middle school girl attacked on camera at Riverside middle schoolA police investigation has been launched into the incident, which involved two students at Arizona Middle School in Riverside.
Weiterlesen »
Middle East conflict live updates: Austin urges Israel to abandon plan for Rafah offensiveLloyd Austin met with Israeli Defense Minister Yoav Gallant in Washington and expressed concern about civilian deaths and the deepening “catastrophe” in Gaza.
Weiterlesen »
Middle East conflict live updates: Israel cancels diplomatic visit to U.S. after U.N. vote demanding ceasefireIsraeli Defense Minister Yoav Gallant is in Washington to hear U.S. concerns about Israel’s plans for a ground operation in Rafah.
Weiterlesen »
Middle East conflict live updates: U.N. Security Council passes resolution calling for Gaza cease-fireIsraeli Defense Minister Yoav Gallant is in Washington to hear U.S. concerns about Israel’s plans for a ground operation in Rafah.
Weiterlesen »