Free Trial

USD G10 crosses have stuck to tight ranges...>

DOLLAR: USD G10 crosses have stuck to tight ranges in the early part of today's
sedate Asia-Pacific session, with DXY last sitting at 96.06, which represents
the 100-DMA. WTI trades ~$0.50 higher at writing, while gold is unch. on the
day. This comes after the dollar index closed unch. on Thursday. 
- DXY bears keep an eye on yesterday's low of 95.98 and a break below would open
up the Jan 16 low of 95.86. On the topside, a break above the 21-DMA at 96.16
would allow bulls to target yesterday's peak at 96.26. 
- U.S. focus today turns to domestic industrial output & U. of Michigan
Sentiment. Fed's Williams & Harker will speak before the Fed goes into blackout
this weekend.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.