The index remains bid and trades above the 97.00 handle. Yields of the US 10-year note ease from tops around 3.15%. ADP employment report coming up next in the docket. The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, keeps the upside momentum well and sound beyond 97.00 the figure, or YTD peaks. US Dollar Index now focused on ADP The index is alternating gains with losses on Wednesday, coming under some selling pressure after clinching fresh tops beyond the 97.00 handle during early trade, levels last seen in June 2017. The sentiment around the buck remains solid so far, always against the backdrop of persistent concerns in the risk-associated complex, with EUR (via Italy and Germany) and GBP (via Brexit) in centre stage in past weeks. Ahead in the session, the ADP report in next of relevance seconded by the Chicago PMI and the weekly report on US crude oil stockpiles by the EIA. US Dollar Index relevant levels As of writing the index is losing 0.08% at 95.92 facing the next hurdle at 97.07 (2018 high Oct.31) seconded by 97.87 (61.8% Fibo of the 2017-2018 drop) and then 101.34 (high Apr.10 2017). On the downside, a breakdown of 96.36 (10-day SMA) would open the door to 95.89 (21-day SMA) and finally 94.79 (low Oct.12). 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 FXStreet News share Read Next ECB’s Rehn: Inflation is gradually converging to target FX Street 4 years The index remains bid and trades above the 97.00 handle. Yields of the US 10-year note ease from tops around 3.15%. ADP employment report coming up next in the docket. The US Dollar Index (DXY), which tracks the buck vs. a basket of its main rivals, keeps the upside momentum well and sound beyond 97.00 the figure, or YTD peaks. US Dollar Index now focused on ADP The index is alternating gains with losses on Wednesday, coming under some selling pressure after clinching fresh tops beyond the 97.00 handle during early trade, levels last seen in June 2017. The sentiment… Regulated 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.
