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August 25, 2016

Market commentaries 25.08.2016. Greenback ahead of Yellen

Market commentaries 25.08.2016. Greenback ahead of Yellen

Hello Traders,

Greenback remains subdued ahead of Yellen speech in Jackson Hole. Yesterday attempt to cut through 95.00 barrier failed as Housing market data disappoints:

Housing market data

Dollar fell as the data missed forecasts with a drop accelerated by selloff from resistance:

Dollar index

On 2H timeframe we can see that all recent buck attempts to break resistance fail. Probably the ceiling won’t be lifted till Yellen clears up situation with the rate hike:

Dollar index 2

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