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

The dollar index returned to the positive side on Friday

by August 9, 2024
written by August 9, 2024

The dollar index returned to the positive side on Friday

On Thursday, the dollar index rose to 103.54, a new weekly high. 

Dollar index chart analysis

On Thursday, the dollar index rose to 103.54, a new weekly high. The index’s value just touched the EMA 200 moving average, after which a pullback was initiated. During this morning’s Asian trading session, the index retreated to support at the 103.10 level. The EMA 50 moving average provides additional support in that zone.

We are now at 103.20 and need stronger momentum to initiate a bullish consolidation. Potential higher targets are the 103.40 and 103.60 levels. We hope for EMA 200 support at 103.50 for further growth to the bullish side. We are now far from last week’s high at the 104.80 level.

 

The index could return to last week’s levels if it crosses the EMA 200 moving average.

For a bearish option, we need a negative consolidation of the dollar index below the 103.00 level. With that, we go to a new daily low and threaten the previous low at 102.90. If the pressure on the dollar continues, it will continue on the bearish side. With the breakout of the bullish formation and the growth of bearish swings, the pullback could be prolonged. Potential lower targets are the 102.60 and 102.40 levels.

This morning’s data on German inflation were in line with forecasts, and there was no impact on the market. In the Asian session, Kona released its inflation data which was higher than forecast. Monthly inflation increased from -0.2% to +0.5%. This caused the dollar to slide for a short time, but it did not have a long-term impact. We have no important economic news in today’s US session. Next week, despite less news, could be interesting for the movement of the dollar index.

 

The post The dollar index returned to the positive side on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Ethereum price started a recovery to a new high yesterday
next post
S&P 500 Surge: Market Shift and Economic Impact

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 AG pick Pam Bondi clears Judiciary Committee, will get confirmation vote in Senate

    January 29, 2025
  • Trump camp says Dem rhetoric ‘directly to blame’ for past assassination attempts

    October 24, 2024
  • Karine Jean-Pierre reveals mom’s cancer diagnosis — and why she kept it secret

    January 23, 2025
  • Incoming UK ambassador walks back comments on ‘danger’ of Trump: ‘Ill-judged and wrong’

    January 29, 2025
  • Trump pick for Joint Chiefs chair tells Senate ‘element of surprise’ should be guarded amid Signal chat leak

    April 1, 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

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

    December 4, 2024
  • 3

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

    July 19, 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 (5,461)
  • Investing (634)
  • Stock (848)

Latest Posts

  • Liz Cheney bashes Trump in new key battleground Harris ad as election hits final sprint

    October 29, 2024
  • Home Depot co-founder Bernie Marcus dies

    November 6, 2024
  • Dogecoin bounces back from Sunday’s drop to new low

    September 3, 2024

Recent Posts

  • Trump features Jill Biden in new ad for fragrance: ‘Enemies can’t resist’

    December 9, 2024
  • Blagojevich has new job working for ‘Bosnian Bear’ politician with ties to Putin

    April 3, 2025
  • With 9 days until voting starts, ‘election season’ kicks off sooner than you think

    August 28, 2024

Editor’s Pick

  • EURGBP and EURCHF: EURGBP falls to a two-week low

    August 19, 2024
  • Ceasefire over as Israel strikes Gaza after Hamas refused to release hostages, officials say

    March 18, 2025
  • Amazon is responsible for dangerous products sold on its site, federal agency rules

    July 31, 2024
  • 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