Before:
The Greenback has been mixed against major peers for the most part and the DXY rangebound between 92.500-000 parameters on the wide, awaiting further direction from FOMC minutes or remaining Fed speakers.
However, the index is looking more prone to a downside break having failed to extend gains over 21 and 200 DMAs (92.304 and 92.380 respectively) or resist the challenge posed by the Euro and Franc.
Eur/Usd derived impetus from the aforementioned Eur/Gbp strength more than EZ PMIs and even comments from ECB’s Knot alluding to PEPP tapering from Q3 assuming the economy develops along base scenario lines, but gathered pace after overcoming resistance in the form of the 200 DMA (1.1889) before absorbing heavy offers ahead of 1.1900.
The Greenback has been mixed against major peers for the most part and the DXY rangebound between 92.500-000 parameters on the wide, awaiting further direction from FOMC minutes or remaining Fed speakers.
However, the index is looking more prone to a downside break having failed to extend gains over 21 and 200 DMAs (92.304 and 92.380 respectively) or resist the challenge posed by the Euro and Franc.
Eur/Usd derived impetus from the aforementioned Eur/Gbp strength more than EZ PMIs and even comments from ECB’s Knot alluding to PEPP tapering from Q3 assuming the economy develops along base scenario lines, but gathered pace after overcoming resistance in the form of the 200 DMA (1.1889) before absorbing heavy offers ahead of 1.1900.