Current exchange rates are shown. The dollar index is in the area of 95 points, showing a recovery across the market. Yesterday's speech by Fed Chairman Jerome Powell. Timeframe, according to developers, universal M1-D1, but I still do not advise above M For easy calculation, use the following tools:.
The European currency gained too weak a trump card to withstand the dollar, which is still gaining momentum. The dollar index is in the area of 95 points, showing a recovery across the market. On its background, the euro looks too faded. The corrective wave of growth of the euro and the pound may continue today. Demand for gold will continue in the event of a deepening political conflict in Italy. The dollar continues its victorious procession, and, as usual, political events are the main reason, but in a strange way, the movement in the market fully coincides with the macroeconomic data.
Fed Chairman Jerome Powell, speaking at the National Association of Business Economics, confirmed the Fed's policy of gradually increasing interest rates. Powell confidence is based on some long-term trends. On Tuesday, the foreign exchange market did not demonstrate an unambiguous dynamics. Still, the influence of multidirectional forces both supports and exerts pressure on the US dollar rate. First bearish target would be located around 1. The current decline below 1.
Otherwise, further a bullish advance towards 1. To maintain the upward trend in the European currency, buyers need to stay above the support level of 1. The formation of a false breakout on it will be a signal to open new long positions in order to update the resistance levels of 1. October 3, the British pound adjusts to the level of 1. On Tuesday, the British pound fell by 59 points, under pressure from a stronger dollar and a decline in business activity.
Type a hypothetical closing rate for the currency pair for example, a future value you speculate the pair might reach. Alternatively, type the current rate into this field and then change the pre-filled value to a previous rate. Use the Calculate button. To compare new values, just change them and use the Calculate button again to see the results. How This Tool Works This calculation follows the following formula: Your capital is at risk.
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