7 May 2015
DXY flirting with 94.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main competitors, extends its negative streak on Thursday, now gyrating around the 94.00 handle.
DXY focus on US data
The index is retreating for the third consecutive session so far, unable to gather traction despite the good performance from US Treasuries and still suffering the poor data from the ADP report on Wednesday (169K in April).
Ahead in the session, US Initial Claims are due preceding the more relevant Non-farm Payrolls due tomorrow (225K exp.). Consensus expects Claims to come at 280K for the week ended on May 1st. Further releases will see the Consumer Credit Change, expected at $16.0 billion in March.
DXY relevant levels
The index is now retreating 0.18% at 93.92 and a break below 93.88 (low May 6) would aim for 93.80 (low Feb.17) and then 93.26 (low Feb.3). On the upside, the initial hurdle lines up at 95.62 (high May 4) ahead of 96.18 (high Apr.29) and finally 96.93 (high Apr.28).
DXY focus on US data
The index is retreating for the third consecutive session so far, unable to gather traction despite the good performance from US Treasuries and still suffering the poor data from the ADP report on Wednesday (169K in April).
Ahead in the session, US Initial Claims are due preceding the more relevant Non-farm Payrolls due tomorrow (225K exp.). Consensus expects Claims to come at 280K for the week ended on May 1st. Further releases will see the Consumer Credit Change, expected at $16.0 billion in March.
DXY relevant levels
The index is now retreating 0.18% at 93.92 and a break below 93.88 (low May 6) would aim for 93.80 (low Feb.17) and then 93.26 (low Feb.3). On the upside, the initial hurdle lines up at 95.62 (high May 4) ahead of 96.18 (high Apr.29) and finally 96.93 (high Apr.28).