Dollar index highest level since March - BBH

Analysts at Brown Brothers Harriman noted that the Dollar Index rose to its best level since March.  

Key Quotes:

"It reached the high in the second half of last week by briefly poking above 98.00.  

Initial support is seen near 97.40.  

Recall that it closed September a little above 95.45.  

The RSI, MACDs, and Slow Stochastics allow for additional gains, but the levels are getting stretched.  

The Dollar Index is also bumping up against the upper Bollinger Band that is found near 98.00.

 In technical analysis the crossing of the 50- and 200-day moving averages have special significance.  

The 50-day average is set to cross above the 200-day average next week."

NZD/USD: consolidates minor recovery, capped 0.7120

NZD/USD is consolidating the daily recovery and neutral in a sideways phase around the 0.71 handle.  The US dollar has been firm on the back of expec
Baca lagi Previous

Property price drop may lead to financial instability – China State Council

Zhang Chenghui, Head of the Finance Institute under China’s State Council has reportedly warned that a drop in property prices may lead to financial i
Baca lagi Next