• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

The dollar index remains positive at the end of the week

by July 26, 2024
written by July 26, 2024

The dollar index remains positive at the end of the week

This week’s dollar index movement mainly occurred in the 104.20-104.50 range.

Dollar index chart analysis

This week’s dollar index movement mainly occurred in the 104.20-104.50 range. Yesterday, we had a short-term jump down to the 104.10 level, but we quickly returned to the previous rank. During this morning’s Asian session, the index first retreated to support at 104.25. After that, a bullish consolidation was initiated up to 104.38 levels. We have moved above the EMA 200 moving average and hope to stay there.

If we manage to maintain this momentum, we can anticipate a further bullish trend and a potential rise to the 104.50 level. We are currently within striking distance of the weekly high at 104.55 from Wednesday. A revisit to that level could trigger an upward surge to a new higher high. The 104.60 and 104.70 levels could be our next targets.

 

The dollar is trying to stabilize above the EMA 200 to get its support

For a bearish option on the dollar index, we need a break below the 104.20 level. This is where we slowly enter this week’s critical support zone. Holding too long could easily lead to an impulse below to a new weekly low. With that step, we will continue to the bearish side. Potential lower targets are 104.00 and 103.90 levels.

This morning’s Asian session brought news of the Tokyo Core CPI, which was in line with the forecast at 2.2%. The EU session was relatively quiet, and now our attention turns to the upcoming US session, where we will receive data on the Core PCE Price Index, Personal Spending, and Personal Income. The outcome of these reports could have a significant impact on the dollar index chart, making it a session not to be missed.

 

The post The dollar index remains positive at the end of the week appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Netanyahu to meet Trump as Israeli leader looks to rekindle relationship
next post
USDCHF and USDJPY: USDJPY found support at 151.93

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump-Harris race neck and neck nationally in new survey, pollster sees ‘warning sign’ for Dems

    September 10, 2024
  • ‘Red tape’: Trump admin unleashes DOGE-aligned process to fire federal workers for misconduct

    June 2, 2025
  • Drone company’s stock soars after it appoints Donald Trump Jr. to advisory board

    November 29, 2024
  • Trump-pardoned real estate mogul Charles Kushner up for key diplomatic post

    May 19, 2025
  • Oil and natural gas: Oil is back on the positive side

    March 20, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Trump State Department declares Tren de Aragua, MS-13, Mexican drug cartels as foreign terrorist organizations

    February 20, 2025
  • Liz Cheney predicts ‘millions of Republicans’ will vote for Harris: ‘Vote your conscience’

    October 22, 2024
  • DOGE slashes nearly $1M for alpaca farming in Peru, other questionable grants in latest wasteful spending cut

    March 5, 2025

Recent Posts

  • Hannity reveals what he told Trump after 2020 election loss: ‘Winston Churchill’ return

    January 23, 2025
  • Johnson faces major leadership test as GOP wars over government shutdown

    September 13, 2024
  • RFK Jr’s HHS to end routine COVID vaccine guidance for children, pregnant women: report

    May 16, 2025

Editor’s Pick

  • Fed rate cuts in September could boost General Motors’ profitability, CFO predicts

    July 23, 2024
  • Barrick Gold outperforms in Q2: Is it a buy with gold near record highs?

    August 12, 2024
  • ‘Coming for us’: Expert sounds alarm on CCP’s mission to ‘kill Americans’ after FBI makes shocking arrests

    June 5, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock