The dollar index had a growth to three-week highs in Asian session despite the falling in the US treasury yields.
The USD exchange rate, which is known as the DXY, reached a 95.65 level in Asia. It’s more than 0, 5% from yesterday close.
Today we are going to pay attention to important data such as the Consumer Price Index and Monthly Budget statement.
Expert’s expectations will be able to raise the treasury yields and help the bucks climb above the 100-week MA.
From the other side, if the bulls will not be lucky, there can be the new waves of sell-off.
The Iraqi State Oil Marketing Organization released data about oil production; it increased to 4, 5 million barrels per day. It is the biggest index for last 13 month.
The increased export from OPEC countries and development of this industry prove that oil has been becoming a less risky asset for investors.
Technically, prices are being closer to support $71,5, the lowest level since April and there are few reasons to think that bears will be unsuccessful to break it down due to some technical indicators despite the previously mentioned data
So, our targets for
USDIDX (DXY) – is buying to 97
UKOIL (Brent) – is buying to $73,5