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      Forex: US Dollar Index hovering over session highs

      The US Dollar Index, which tracks the greenback against its major rivals, is inching higher on Friday, clinging to the 80.30 region and posting fresh highs at the same time.

      In the data space, US Wholesale Inventories contracted 0.1% during December, although the most relevant result was US trade deficit shrinking to $38.5 billion in December.

      At the moment, the index is up 0.08% at 80.31 and according to tradingcentral.com the next resistance levels line up at 80.25, 80.45 and 80.65; while support levels are locate at 79.85, 79.55 and 79.45

      US markets following ‘green close’ in Europe, dollar in highs

      US shares are posting gains in the last trading day of the week, following the advances in their European peers. Markets remain buoyed by positive data out of Chinese trade balance and the...
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      Forex: EUR/USD fresh lows ahead of the weekly close

      The euro took another step lower ahead of the weekend and hit a fresh 2-week low against the dollar, before finding support at the 50% retracement of the 1.2997/1.3710 rise.
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