Highlights

The US Dollar Index rises 0.11 percent to $104.63 as unclear economic data from the United States are reported.
Jobless claims rose to 222K mark, above the predicted 219K, reflecting job market weakness.
Permits for construction dropped to 1.44 mil from 1.49 mil implying weaker future development output

Market Snapshots

The Philadelphia Federal Manufacturers Indicator dropped drastically to 4.5, below the prediction expected 7.7 from the last 15.5 area.
Such contradictory indications have culminated in a minor rise of the US dollar and DXY, that now stands around $104.63.

The Upcoming Activities impacting the US dollar and its cross rates

Moving forward, key happenings includes the CB Lead Index and talks by FOMC speakers Waller as well as Daly. The CB Lead Indicator is expected to stay steady at -0.3 percent. Waller’s talk are going to be widely watched for clues about next monetary policy decisions.

In the European Union, the overall Core CPI & End CPI are predicted to hold constant @ 2.7 percent & 2.4 percent, accordingly.

The US dollar Technical Analysis

The US DXY is now priced around $104.63, plus 0.11 percent right now. In the 4-hourly graph, the pivot mark stands at $104.596, which serves as an important support point. The right now barrier stands at $104.762, then follows by $104.921 then $105.145 mark.

To the negative side, current support lies at $104.403, with additional support located around $104.073 then $103.791 mark. The analytical signs shows the 50-D-EMA near $104.986 with the 200 D- EMA near $105.134 mark, showing a price decline.

The prognosis stays detrimental beneath $104.762, with an eventual rise over this point possibly creating positive mood.

EURUSD Technical Analysis

The EURUSD has begun trading around $1.08509, off 0.08 percent for the day. The 4-hourly graph shows major stages, with a pivot mark around $1.0864 acting as a critical supporting level. The immediate barrier stands at $1.0895, then follows $1.09196 then $1.0943 mark.

On the negative side, right away support lies at $1.08312, with additional support located on $1.08160 then $1.07945. The technical signals indicate the 50 D- EMA near $1.08068 with the 200 D-EMA on $1.07676, indicating an upward trajectory.

A doji candle over the pivotal at $1.08643 is expected to trigger an upward trend. Yet, a breach under this point might result in a severe sell move.

GBPUSD Technical Analysis

The EURUSD has begun trading around $1.0850, off 0.08 percent for the day. The 4-hourly graph shows major stages, with a pivot mark around $1.0864 acting as a critical supporting level. The immediate barrier stands at $1.0895, then follows $1.09196 then $1.0943 mark.

On the negative side, right away support lies at $1.0831, with additional support located on $1.08160 then $1.07945. The technical signals indicate the 50 D- EMA near $1.08068 with the 200 D-EMA on $1.0767, indicating an upward trajectory. A Doji candle over the pivotal at $1.08643 is expected to trigger an upward trend. Yet, a breach under this point might result in a severe sell move.

Technical Indicators & Signals