US EditionUS GDP, Employment Data and Fedspeak Next on Tap
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US GDP, employment data and Fedspeak next on tap
The post US GDP, employment data and Fedspeak next on tap appeared on BitcoinEthereumNews.com. The US Dollar (USD) maintained its bullish bias unchanged for the second day in a row on Wednesday amid steady optimism on the trade front, while a cautious tone from the FOMC Minutes also collaborated with the daily advance. Here’s what to watch on Thursday, May 29: The US Dollar Index (DXY) added to Tuesday’s recovery, retargeting the psychological 1…
Daily Technical Analysis: US Dollar Holds Ground Against Major Currencies as DXY Nears 100 level
The US dollar rose against major currencies on Tuesday and is currently expanding these gains as the dollar index heads for the critical level of 100. EURUSD shows a downtrend on the hourly chart with the moving averages slopping downward as well. The bearish momentum is expected to continue until the major support level 1.1257. Watch out for any correction towards the resistance levels mentioned below, as well as the dynamic resistance level of…
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