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Market News The U.S. dollar index is firm, Bollinger Bands hint at range trading

The U.S. dollar index is firm, Bollinger Bands hint at range trading

The U.S. dollar index rose slightly on September 13, and the Bollinger Bands implied that the U.S. dollar would trade in a range. The new crown epidemic is still an important factor.

LEO
2021-09-13
9345

On Monday (September 13) the US dollar index rose slightly, the market was firm, E-mini S&P 500 index futures rose 0.2%, West Texas Intermediate (WTI) rose 0.6%, and 10-year US Treasury yields fell To 1.330%.


The economic impact of the new crown epidemic is the key to the trend of the stock market, commodities and the dollar.

Fed officials are still divided on the timing of reducing bond purchases, affected by economic data and the Delta virus. Under the influence of these factors, the instability of USD range trading is bound to continue.

Technically, the kinetic energy research is neutral. The Bollinger Band on the 21st implies a range trading, and the moving averages on the 5th, 10th and 21st are in conflict.

Currently below the 21-day moving average of 92.75, a break below the lower edge of the 21-day Bollinger Band 92.21 indicates that the market is oversold.

If it continues to break through the 21-day moving average of 92.75, the upper edge of the Bollinger Band on the 21st is at 93.49.


At 11:38 GMT+8, the US dollar index was at 92.64.

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