Jump to content

Forex: US Dollar Index flat ahead of ISM manufacturing


Recommended Posts

The greenback, measured by the US Dollar Index, is trading almost unchanged on Tuesday, ahead of the ISM manufacturing index and the Construction Spending in the US. Market participants expect the results to be slightly below the previous prints.

 

The dollar is hovering over month’s lows as April has witnessed the world’s reserve losing ground against almost all its major rivals.

 

At the moment: AUD -1.10%, EUR +0.04%, GBP -0.19%, NZD -0.71%, CAD +0.04% CHF -0.05% and JPY +0.01%. Wall St. futures are down 0.18% at 13,205 pts. and S&P500 futures are losing 0.25% at 1,396 pts. WTI is down 0.37 % at $104.45 and Gold is retreating 0.33% at $1,660

 

The index is down 0.01% at 78.84 as of writing, with the next resistance at 78.97 ahead of 79.10 and then 79.25

Support levels are located at 78.70 followed by 78.55 and 78.42

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...