The index of the u.s. dollar is rising for the second consecutive day, registering modest, despite the mixed data from the united States and the recovery of Treasury bonds. Among the currencies, the pound is outperforming.
The DXY gained momentum after the press conference of Draghi (ECB it was, as expected, the rates and QE unchanged) and rose to test the highs of yesterday, around 99.15/20. Was unable to break higher and pulled back.
Near the end of the session, an american, was around 99.00, a 0.15%, while the 10-year yield of the united States again down a 2.30%.
In terms of the data, in the face of negative initial claims for unemployment rose by 257K (vs. 241K expected) and durable goods orders for march rose less than expected (0.7% vs + 1.2%).
On the positive side, pending sales of homes fell, but below consensus of the market (-0.8% vs -1.0%). On Friday, the united States will publish the first estimate of GDP growth in the first quarter.
To the upside, the area around 99.20 (maximum of 26 and 27 march) is becoming a strong resistance in the short term, followed by 99.75 (minimum of 23 of march) and 100.00 (psychological).
On the other hand, the support can be seen at 98.85 (moving average of 20 hours), 98.65 (daily minimum) and 98.50 (April 25).