Greenback traded strong against most of the FX majors on the event of profit taking witnessed in most of the asset classes especially in the benchmark equity index of Dow Jones Industrials (DJIA). The Dollar Index (DX) after trading sideways between 84.50 and 83.50 for couple of weeks closed below the support of 83.50 ranges to slip to interim support of 83.00 ranges; consistently trading below 83.50 would drag the index further to 82.45 ranges.
The greenback traded strongly vs. most FX majors in the event of profit taking witnessed in most asset classes, especially in the benchmark equity index of Dow Jones Industrials (DJIA). After trading sideways between 84.50 and 83.50 for a couple of weeks, the Dollar Index (DX) closed below the support of 83.50 ranges to slip to interim support of 83.00 ranges; consistent trading below 83.50 would drag the index further to 82.45 ranges.
Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.
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FX Daily Report: June 03, 2013
Published 06/03/2013, 05:55 AM
Updated 05/14/2017, 06:45 AM
FX Daily Report: June 03, 2013
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