8 Jun 2015
DXY flat above 96.00
FXStreet (Edinburgh) - The US Dollar Index, which tracks the greenback vs. its main rivals, is trading almost unchanged on Monday around 96.20/25.
DXY unchanged post-Payrolls
While market participants keep digesting the recent Non-farm Payrolls figures during May (280K), Greek headlines has returned to the fore today against the backdrop of the ongoing G7 meeting.
The only release today across the pond will be the Labour Market Conditions Index for the last month (-1.9 prev.), ahead of the key Retail Sales due on Thursday. Prior surveys expect headline sales to have expanded at a monthly pace of 1.1% during May.
DXY levels to consider
The index is now flat at 96.30 with the initial resistance at 96.91 (high Jun.5) followed by 97.68 (high Jun.1) and finally 97.77 (high May 27). On the other hand, a breakdown of 95.36 (low Jun.5) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19).
DXY unchanged post-Payrolls
While market participants keep digesting the recent Non-farm Payrolls figures during May (280K), Greek headlines has returned to the fore today against the backdrop of the ongoing G7 meeting.
The only release today across the pond will be the Labour Market Conditions Index for the last month (-1.9 prev.), ahead of the key Retail Sales due on Thursday. Prior surveys expect headline sales to have expanded at a monthly pace of 1.1% during May.
DXY levels to consider
The index is now flat at 96.30 with the initial resistance at 96.91 (high Jun.5) followed by 97.68 (high Jun.1) and finally 97.77 (high May 27). On the other hand, a breakdown of 95.36 (low Jun.5) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19).