Forex Marketz Daily Forex News – Fully Markets Update
The U.S. dollar has continued to strengthen against most of its pairs and the Dollar index has now hit a 14 month high near 84.60.
Support Levels : 84.45 to 84.50
Resistance Levels: 84.75 to 84.95
Market indicators are pointing to increased growth. Here are some of the benchmarks to consider:
- 10 year Treasure note yield highest since July at 2.62%
- Market indices are gaining more than ever — Dow Jones (DJIA) 25.2 points, and the S&P 500 2.6 points.
- Euro has fallen almost 1%.
- Gold fell 1%.
Analysts are predicting the dollar strength should continue and normally we would project a bullish trend. Investors are urged caution as there could be adjustments and consolidations in the new future.
