The index loses some ground following (over) optimistic news on Brexit. US ADP report surpassed estimates at 227K jobs in October. US Chicago PMI came in below consensus at 58.4 for the current month. After hitting fresh 2018 peaks around 97.20 earlier in the session, the greenback is now receding some ground when tracked by the US Dollar Index (DXY). US Dollar upside capped around 97.20 The index is now struggling to keep the positive territory following a bout of selling pressure stemming from latest news on Brexit, where UK’s Raab said (badly hopes that) a deal could be reached by November 21st. (Over) optimistic news around Brexit gave extra oxygen to the risk-associated space in detriment of the buck, motivating the current knee-jerk. In the data space, solid prints from the ADP report in October (227K) gave some extra sustain to the ongoing rally in the buck ahead of the more relevant Payrolls due on Friday. US Dollar Index relevant levels As of writing the index is up 0.01% at 97.00 facing the next hurdle at 97.19 (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 UK PM Spokesman: Want Brexit deal ASAP; working to achieve that FX Street 4 years The index loses some ground following (over) optimistic news on Brexit. US ADP report surpassed estimates at 227K jobs in October. US Chicago PMI came in below consensus at 58.4 for the current month. After hitting fresh 2018 peaks around 97.20 earlier in the session, the greenback is now receding some ground when tracked by the US Dollar Index (DXY). US Dollar upside capped around 97.20 The index is now struggling to keep the positive territory following a bout of selling pressure stemming from latest news on Brexit, where UK's Raab said (badly hopes that) a deal could be reached… 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.
