- Analytics
- News and Tools
- Market News
- DXY: The direction of travel remains towards 108 – ING
DXY: The direction of travel remains towards 108 – ING
The US Dollar Index holds above 107.00. Economists at ING analyze DXY outlook.
Little reason to sell the Dollar at present
Today we will again hear from Fed hawk Michelle Bowman who earlier this week was calling for multiple further hikes. Today also sees the September ADP jobs report (a somewhat discredited release) and ISM Services data.
There seems little reason to sell the Dollar at present – perhaps only a shock drop in ISM services could weigh on the Dollar today.
106.70 is now support for DXY and the direction of travel remains towards 108.
See – EUR/USD: The wait for a trend reversal is likely to continue – Commerzbank
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
