1 Jul 2015
DXY clings to 96.00, Payrolls eyed
FXStreet (Edinburgh) - The greenback, tracked by the US Dollar Index, is surrendering part of the spike to session tops around 96.20.
DXY boosted by US data
The greenback gathered further traction today backed by the solid results from the US docket, with the ADP report, Markit’s manufacturing PMI and the ISM Manufacturing all coming in above initial forecasts.
On the Greek front, unease amongst market participants continue to grow bigger, as bailout talks with its EU creditors remain stagnant until de referendum due on Sunday. In the meantime, Greek PM A.Tsipras continues to encourage people to vote for the ‘No’ option, which could surely derail in further deterioration of the situation.
DXY relevant levels
As of writing the index is advancing 0.59% at 96.04 with the next hurdle at 96.39 (high Jun. 29) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5). On the downside, a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18).
DXY boosted by US data
The greenback gathered further traction today backed by the solid results from the US docket, with the ADP report, Markit’s manufacturing PMI and the ISM Manufacturing all coming in above initial forecasts.
On the Greek front, unease amongst market participants continue to grow bigger, as bailout talks with its EU creditors remain stagnant until de referendum due on Sunday. In the meantime, Greek PM A.Tsipras continues to encourage people to vote for the ‘No’ option, which could surely derail in further deterioration of the situation.
DXY relevant levels
As of writing the index is advancing 0.59% at 96.04 with the next hurdle at 96.39 (high Jun. 29) ahead of 96.54 (high Jun.8) and then 96.91 (high Jun.5). On the downside, a drop below 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18).