The dollar index (DXY), which tracks the value of the greenback against majors, is approaching the psychological hurdle at 100, which if breached, could bring in stronger buying pressure, according to said Neil Jones, head of foreign-exchange sales to financial institutions at Mizuho Bank Ltd. Key quotes The 100 level is a big deal. A number of buy signals will kick into play, it will set the alarm bells off. It’s the level that capped the dollar twice in 2015 and effectively offered support during the first quarter of 2017 before finally giving in. The DXY is currently trading at 99.85, the highest level since May 2017, having started the year at lows near 96.50. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Ripple Price Analysis: XRP/USD settles around the $0.275 level FX Street 2 years The dollar index (DXY), which tracks the value of the greenback against majors, is approaching the psychological hurdle at 100, which if breached, could bring in stronger buying pressure, according to said Neil Jones, head of foreign-exchange sales to financial institutions at Mizuho Bank Ltd. Key quotes The 100 level is a big deal. A number of buy signals will kick into play, it will set the alarm bells off. It’s the level that capped the dollar twice in 2015 and effectively offered support during the first quarter of 2017 before finally giving in. The DXY is currently trading at… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
