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12 Mar 2015
DXY drops to 99.00
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback against a basket of its main rivals, is correcting lower on Thursday, currently testing the 99.00 support.
DXY capped at 100.00
After briefly advancing just above the psychological barrier at 100.00 overnight, the index triggered the ongoing leg lower fuelled by a profit-taking sentiment following the recent strong gains.
Ahead in the session, US Retail Sales and the weekly report on the labour market will be the main events across the pond. Market consensus expects headline sales to ha expanded 0.3% from January to February while Initial Claims are expected at 305K for in the week ended on March 6th.
DXY levels to consider
The index is now retreating 0.52% at 99.12 with the immediate support at 98.47 (low Mar.11) ahead of 97.77 (low Mar.10) and finally 97.31 (low Mar.9). On the flip side, the next resistance lines up at 100.05 (high Mar.12).
DXY capped at 100.00
After briefly advancing just above the psychological barrier at 100.00 overnight, the index triggered the ongoing leg lower fuelled by a profit-taking sentiment following the recent strong gains.
Ahead in the session, US Retail Sales and the weekly report on the labour market will be the main events across the pond. Market consensus expects headline sales to ha expanded 0.3% from January to February while Initial Claims are expected at 305K for in the week ended on March 6th.
DXY levels to consider
The index is now retreating 0.52% at 99.12 with the immediate support at 98.47 (low Mar.11) ahead of 97.77 (low Mar.10) and finally 97.31 (low Mar.9). On the flip side, the next resistance lines up at 100.05 (high Mar.12).