- USDOLLAR Rallying Into Former Support Following FOMC Minutes
- Australian Dollar Fails to Maintain Bullish Momentum- At Risk for Lower Low
Daily Change (%)
DJ-FXCM Dollar Index
Consumer Price Index (MoM) (JAN)
Consumer Price Index (YoY) (JAN)
Consumer Price Index ex Food & Energy (MoM) (JAN)
Consumer Price Index ex Food & Energy (YoY) (JAN)
Consumer Price Index n.s.a. (JAN)
Consumer Price Index Core Index s.a. (JAN)
Initial Jobless Claims (
Continuing Claims (
Markit Purchasing Manager Index (FEB P)
Philadelphia Fed. (FEB)
Mortgage Delinquencies (4Q)
MBA Mortgage Foreclosures (4Q)
Leading Indicators (JAN)
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) continued to retrace the sharp decline from earlier this month following the Federal Open Market Committee (FOMC) Minutes, and the short-term rebound may gather pace over the remainder of the week as the central bank remains poised to discuss another
With Fed Chair
With that said, the greenback could be at risk of carving a new series of lower highs paired with lower lows, and we may see former support (10,604-10,615) act as new resistance as the recent weakness in economic activity weighs on the interest rate outlook.
The greenback rallied against all four components, led by a 0.31 percent decline in the Euro and British Pound, while the Australian dollar remains at risk for a larger decline as the AUDUSD carves a lower high in February.
Indeed, the technical outlook for the aussie-dollar is turning increasingly bearish as the RSI fails to maintain the upward trend carried over from the previous month, and the higher-yielding currency remains at risk of facing fresh lows over the near to medium-term as the $1T economy faces subdued wage growth along with higher unemployment.
In turn, the Reserve Bank of