US Dollar Index Macro View 20/01 - Happy Martin Luther King Day
Producer Price Index fell 0.2% in December, NAHB Housing Market Index climb 2 points in January and Industrial Production expanded 0.3 in December. The ongoing partial government shutdown delayed the December reports for housing stats and retail sales last week.
DXY last week broke 95.70 levels and head towards 96.30. It seems having some resistance levels where overall suggestion upcoming week might see it going towards 97.00 levels progression. US market is closed on Monday, observance of Martin Luther King Day.
Indicators:
Parabolic SAR – Bullish
MACD – Bullish
Stochastic – Overbought
Overall - 3/3 - Bullish
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
DXY last week broke 95.70 levels and head towards 96.30. It seems having some resistance levels where overall suggestion upcoming week might see it going towards 97.00 levels progression. US market is closed on Monday, observance of Martin Luther King Day.
Indicators:
Parabolic SAR – Bullish
MACD – Bullish
Stochastic – Overbought
Overall - 3/3 - Bullish
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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