US Dollar Index recovers a small part of this week’s losses. Wall Street looks to open the day flat. After losing nearly 100 pips from the weekly opening level, the USD/CHF found support near 1.0030 on Thursday and is now moving sideways in a tight range in the lower half of its weekly range. As of writing, the pair was virtually unchanged on the day at 1.0040. With the 10-year US T-bond yield rebounding for the second straight day on Thursday and the greenback reversed its course and the US Dollar Index, which closed every single day in the negative territory since last Friday’s disappointing NFP reading, is now up 0.26% on a daily basis at 96.72. The data from the U.S. today showed that weekly initial jobless claims increased by 6,000 to 229,000 in the week ending March 9 and import prices rose 0.6% on a monthly basis in February. Meanwhile, the S&P 500 Futures is trading flat on the day, suggesting that Wall Street is likely to open the day in a calm manner. However, with latest headlines suggesting that the U.S. could postpone the meeting between President Trump and President Xi to late April could hurt the stock markets and trigger a flight-to-safety to help the safe-havens gather strength in the second half of the day. Technical levels to consider USD/CHF Trends: Daily SMA20: 1.0033 Daily SMA50: 0.9973 Daily SMA100: 0.997 Daily SMA200: 0.9918 Levels: Previous Daily High: 1.0085 Previous Daily Low: 1.0026 Previous Weekly High: 1.0125 Previous Weekly Low: 0.9977 Previous Monthly High: 1.01 Previous Monthly Low: 0.9921 Daily Fibonacci 38.2%: 1.0049 Daily Fibonacci 61.8%: 1.0062 Daily Pivot Point S1: 1.0015 Daily Pivot Point S2: 0.9991 Daily Pivot Point S3: 0.9956 Daily Pivot Point R1: 1.0074 Daily Pivot Point R2: 1.0109 Daily Pivot Point R3: 1.0133 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 What to expect from the Fed and three dollar elections Yohay Elam 4 years US Dollar Index recovers a small part of this week's losses. Wall Street looks to open the day flat. After losing nearly 100 pips from the weekly opening level, the USD/CHF found support near 1.0030 on Thursday and is now moving sideways in a tight range in the lower half of its weekly range. As of writing, the pair was virtually unchanged on the day at 1.0040. With the 10-year US T-bond yield rebounding for the second straight day on Thursday and the greenback reversed its course and the US Dollar Index, which closed every single day in the negative… 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.
