The FOMC Minutes failed to provide any new information. The 99.30 resistance is the level to beat for bulls. Market players will focus on the US inflation data on Thursday. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main daily simple moving averages (DSMAs). The FOMC bring little to no action as Fed’s Powell reiterates known facts: “risks come from abroad, chances of a recession are limited, the economy overall is healthy.” Investors will focus on the Consumer Price Index (CPI) in the United States this Thursday at 12:30 GMT. DXY four-hour chart DXY is trading above the main SMAs, suggesting bullish momentum in the medium term. A daily close above 99.10 could open the gates towards 99.30/99.43 resistance zone. DXY 30-minute chart DXY is trading above the main SMAs, suggesting bullish momentum in the short term. Support is seen at the 99.00/99.10 support zone and the 98.85 price levels. Additional key levels 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 Forex News Today: Daily Trading News share Read Next Wall Street closed in the green on trade talk hopes FX Street 3 years The FOMC Minutes failed to provide any new information. The 99.30 resistance is the level to beat for bulls. Market players will focus on the US inflation data on Thursday. DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main daily simple moving averages (DSMAs). The FOMC bring little to no action as Fed's Powell reiterates known facts: "risks come from abroad, chances of a recession are limited, the economy overall is healthy." Investors will focus on the Consumer Price Index (CPI) in the United States this Thursday… 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.
