US Dollar Index stays calm near mid-96s. European stocks trade mixed on Monday. Coming up: Chicago Fed National Activity Index and Dallas Fed Manufacturing Index from the U.S. After losing nearly 80 pips last week, the USD/CHF pair started the new week in a calm manner and now trades in a very narrow band amid a lack of fresh fundamental drivers. At the moment, the pair was up only 4 pips on the day at 0.9938. The US Dollar Index, which staged a decisive rebound after posting heavy losses amid the FOMC’s dovish tone, is also having a tough time setting its next short-term direction and is moving sideways near 96.50. Later in the session, the Chicago Fed’s National Activity Index and the Dallas Fed’s Manufacturing Index will be looked upon for fresh impetus. Meanwhile, following last Friday’s sharp drop, the 10-year US T-bond yield is posting modest recovery gains on Monday, suggesting that the market sentiment is slightly more positive especially when compared to the second half of the previous week. European equity indexes are staying close to their opening levels in the session to confirm that the risk-aversion has lost its control over the market action. Technical levels to consider 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 Bitcoin market cap will surpass gold – Mike Novorgatz FX Street 4 years US Dollar Index stays calm near mid-96s. European stocks trade mixed on Monday. Coming up: Chicago Fed National Activity Index and Dallas Fed Manufacturing Index from the U.S. After losing nearly 80 pips last week, the USD/CHF pair started the new week in a calm manner and now trades in a very narrow band amid a lack of fresh fundamental drivers. At the moment, the pair was up only 4 pips on the day at 0.9938. The US Dollar Index, which staged a decisive rebound after posting heavy losses amid the FOMC's dovish tone, is also having a tough time… 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.
