Biz yalnızca bir aracı kurumdan fazlasıyız. Analiz etmek, işlem yapmak ve büyümek için ihtiyacınız olan her şeyi tek bir yerde sunan, hepsi bir arada bir işlem ekosistemiyiz. İşlem deneyiminizi bir üst seviyeye taşımaya hazır mısınız?
Currently, the dollar index (DXY) is trading in a sideways manner above 94.85 (200-week MA), having clocked a high of 95.03 yesterday despite the drop in the treasury yields to six-week lows.
The EUR/USD (biggest component of DXY) fell sharply to 1.1510 (lowest level since July 20) on Tuesday on fears that fresh elections in Italy would deliver a stronger mandate to anti-EU parties.
Hence, the DXY posted gains even though the US 10-year treasury yield and the 2-year treasury yield fell to a 6-week low of 2.76 percent and 2.32 percent, respectively. Moreover, the treasury prices rose as Italian political uncertainty boosted haven demand.
As of writing, the 10-year yield is trading at 2.81 percent - up 5 basis points from the previous day's low of 2.76 percent. The recovery could be an indication the risk-off moves may have run out of steam and so the EUR/USD could witness a corrective rally. Thus, rising Treasury yields may end up pushing the greenback lower.
Dollar Index Technical Levels
The resistance is seen at 95.15 (Nov. 7 high), 95.47 (June 30 low), 96.33 (June 14 low). Meanwhile, support is lined up at 94.27 (Oct. 6 high), 94.22 (Dec. 12 high), and 94.06 (10-day MA).
