News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Fed's Bullard (2023 non-voter, hawk): - Wants to start tapering asset purchases in the fall and finish by March - Standing repo facility may allow banks to hold fewer reserves - Jobs market could be fully recovered by next summer and serve as a condition for rate liftoff
  • 🇺🇸 Michigan 5 Year Inflation Expectations Final (JUL) Actual: 2.8% Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 🇺🇸 Michigan Inflation Expectations Final (JUL) Actual: 4.7% Previous: 4.2% https://www.dailyfx.com/economic-calendar#2021-07-30
  • 🇺🇸 Michigan Consumer Sentiment Final (JUL) Actual: 81.2 Expected: 80.8 Previous: 85.5 https://www.dailyfx.com/economic-calendar#2021-07-30
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.31%, while traders in Wall Street are at opposite extremes with 71.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EAV54VeSSn
  • US Dollar Little Fazed by Core PCE; Focus on Jobs & Sentiment Link to Analysis - https://www.dailyfx.com/forex/market_alert/2021/07/30/us-dollar-little-fazed-by-core-pce-focus-on-jobs-sentiment.html $USD $DXY #ForexTrading
  • The $USD has finally found some semblance of support after a one-sided sell-off following #FOMC support currently holding in confluent zone with a couple of fibo levels b/w 91.82 and 91.93 $DXY https://t.co/p16KrIucsN https://t.co/6NfWIBcCvD
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 0.30% Oil - US Crude: 0.27% Gold: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/yJQE1QcM7j
  • Heads Up:🇺🇸 Michigan 5 Year Inflation Expectations Final (JUL) due at 14:00 GMT (15min) Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:🇺🇸 Michigan Inflation Expectations Final (JUL) due at 14:00 GMT (15min) Previous: 4.2% https://www.dailyfx.com/economic-calendar#2021-07-30
US Dollar Technical Analysis – Dollar Recovery at Hand?

US Dollar Technical Analysis – Dollar Recovery at Hand?

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are turning higher as expected after showing a bullish Morning Star candle pattern
  • Initial resistance is at 10539 (23.6% Fib); a break higher exposes 10591 (38.2% Fib)
  • Near-term support lines up at 10469, the June 13 swing bottom

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis – Dollar Recovery at Hand?

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES