USD Index may find support in the 101.30/50 region this week – ING DollarIndex Banks UnitedStates
bouncing from a marginal new low at 101.80. Economists at ING expect Dollar to remain gently offered.“Today marks a partial US market holiday to respect Martin Luther King day and could mean that trading conditions, which seemed quite illiquid last week, remain so.”is relatively light this week but Retail Sales, Industrial Production and Existing Home Sales should all fall on the soft side.
“The factors that have pressured DXY below 102 remain in place, but DXY may find support in the 101.30/50 region this week.”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. You should do your own thorough research before making any investment decisions.
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.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
Read more »
AUD/USD surpasses 0.7000 as USD Index refreshes seven-month low, China’s GDP eyedThe AUD/USD pair has surpassed the psychological resistance of 0.7000 for the first time in the past five months in the Asian session. The Aussie asse
Read more »
USD/INR Price News: Finds demand below 81.20 as USD Index attempts recoveryThe USD/INR pair has picked strength marginally below the critical support of 81.20 as the US Dollar Index (DXY) has attempted a recovery after refres
Read more »
Weekly Forex Forecast \u2013Gold, EUR/USD, USD/JPY, AUD/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
Loop 101 (Pima Freeway) Striping SurveyThe Arizona Department of Transportation (ADOT) is testing a new striping technique on a section of the Loop 101 (Pima Freeway) between Pima Road and State Route 51 to assess how well drivers see the pavement markings, compared to the adjacent SR 51 to I-17 section. The test striping uses an alternating white and black stripe for higher contrast on the light concrete pavement, particularly during the morning and evening hours when the sun is low in the sky and visibility is less than bright daylight. Please take a moment to provide your thoughts on the new striping. Thank you.
Read more »