7 Sep 2015
US Dollar regains 96.20
FXStreet (Edinburgh) - The US Dollar Index is trading almost unchanged vs. its main competitors on Monday, currently rebounding to the 96.20 area.
US Dollar capped by 96.60
The index manages to keep the trade above the recently retaken 96.00 handle, although bullish attempts have been rejected around the 96.60 area, or post-Payrolls peaks.
The risk appetite trends will remain the only catalyst for the FX universe today, with volatility around USD expected to be scarce, as markets across the pond remain closed due to the Labor Day holiday.
Next of note in the US economy will be the release of the Fed’s Labour Market Conditions Index (LMCI) and July’s Consumer Credit Change, both out tomorrow.
US Dollar levels to consider
At the moment the index is losing 0.02% at 96.20 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).
US Dollar capped by 96.60
The index manages to keep the trade above the recently retaken 96.00 handle, although bullish attempts have been rejected around the 96.60 area, or post-Payrolls peaks.
The risk appetite trends will remain the only catalyst for the FX universe today, with volatility around USD expected to be scarce, as markets across the pond remain closed due to the Labor Day holiday.
Next of note in the US economy will be the release of the Fed’s Labour Market Conditions Index (LMCI) and July’s Consumer Credit Change, both out tomorrow.
US Dollar levels to consider
At the moment the index is losing 0.02% at 96.20 with the next support at 95.19 (low Sep.1) ahead of 94.99 (low Aug.24) and finally 93.92 (low Aug.26). On the other hand, a breakout of 96.53 (high Sep.4) would pave the way to 96.57 (high Aug.20) and then 97.07 (high Aug.19).