Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Economy

The dollar index retreats to 104.00, looking for new support

The dollar index retreats to 104.00, looking for new support

The dollar index has been retreating since the market opened last night at 104.25.

Dollar index chart analysis

The dollar index has been retreating since the market opened last night at 104.25. We are currently at the 103.98 level, and there is a high probability that we will continue to pull back until the end of the day. Potential lower levels are 103.80 and 103.70 levels. Additional support at 103.70 is in the EMA50 moving average, and we could expect a stop of this pullback there.

We need a positive consolidation and a return to the zone around the 104.20 level for a bullish option. Then we need to maintain ourselves up there in order to consolidate there and start further recovery from there. Potential higher targets are 104.40 and 104.60 levels.

This week is not full of economic news, but we can single out the following: on Tuesday RBA Interest Rate Decision; on Wednesday US Services PMI, ISM Non-Manufacturing PMI and BoC Interest Rate Decision; on Thursday US Initial Jobless Claims; on Friday, JPY GDP (Q2) and German CPI (Aug).

 

The post The dollar index retreats to 104.00, looking for new support appeared first on FinanceBrokerage.

Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!



    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Economy

    Amp’s 223.67% Leap: Analyzing the Sudden Spike The cryptocurrency community has recently been set abuzz by the phenomenal rise of Amp (AMP). Just in...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Disclaimer: Deluxeinvestmentgroup.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 deluxeinvestmentgroup.com