USD Index: Price action suggests rally could be running out of steam – ING DollarIndex Banks Fed
“Friday's price action suggested that February's hawkish re-pricing of thestory might have come far enough for the time being. US yields reversed from highs seen in early Europe on Friday and DXY dropped quickly from a high of 104.60. On Friday, we had said that this DXY rally could extend to 105.00 or, with outside risk, to 106.50. Yet Friday's price action suggests those levels could be out of reach.
“Overall our base case is that February's Dollar rally is a correction – but this week will determine whether it runs out of steam or has a little further to go.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Silver Price Forecast: XAG/USD tumbles below $21.60 as USD Index recovers amid geopolitical tensionsSilver price (XAG/USD) has delivered a vertical fall to near $21.55 in the Tokyo session. The white metal tumbled like a house of cards as the escalat
Consulte Mais informação »
AUD/USD kisses 0.6900 as USD Index extends losses, RBA and FOMC minutes hog limelightAUD/USD touched the round-level resistance of 0.6900 in the early European session. The Aussie asset has been strengthened as investors have shrugged-
Consulte Mais informação »
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, NZD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 19th, 2022 here.
Consulte Mais informação »
EUR/USD: Hawkish set of FOMC minutes required to see a break towards 1.05 – INGEUR/USD bounced off a low at 1.0613 on Friday. Economists at ING believe that a hawkish set of FOMC minutes is needed to drag the pair down toward 1.0
Consulte Mais informação »
GBP/USD to be bounced around by the Dollar trend – INGSterling enjoyed a modest recovery on Friday. Nonetheless, economists at ING expect EUR/GBP to remain stuck in a range while GBP/USD will be drive by
Consulte Mais informação »
Weekly Forex Forecast \u2013 USD/JPY, S\u0026P 500 Index, NASDAQ 100he difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade.
Consulte Mais informação »