The Dollar Rallies, Inspired By ISM

G10 Advancers and Decliners vs USD CHF 0.23 EUR 0.17 JPY -0.47 GBP -0.55 The US ISM Manufacturing came out at an impressively strong 58.4 in January against forecasts for 55.5; strengthening the USD, and sending USDJPY gapping above the 90.55 pivot level to touch highs of 90.94 so far. This is [...]

G10 Advancers and Decliners vs USD
CHF 0.23
EUR 0.17
JPY -0.47
GBP -0.55
The US ISM Manufacturing came out at an impressively strong 58.4 in January against forecasts for 55.5; strengthening the USD, and sending USDJPY gapping above the 90.55 pivot level to touch highs of 90.94 so far. This is a few pips above the Friday highs, and coincides with the downtrend vibration line running from the 21 Jan and 29 Jan lower highs. The encouraging data has also sent equity…

Related Articles: