FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is advancing across the board on Tuesday after yesterday’s sell-off and ahead of Chief B.Bernanke’s speech due later on in the European evening.
The upside was initially sparked by a rumour about a coup in China, followed by negative risk sentiment regarding a more likely ‘hard’ landing in the Chinese economy, spreading concerns in the commodity markets.
A very light docket in the US today, as February’s Housing Starts MoM (700K exp.) and Building Permits (690K exp.) are expected later on.
At the moment: AUD -0.99%, EUR -0.19%, GBP -0.11%, NZD -1.02%, CAD +0.39%, CHF +0.16% and JPY +0.43%. Dow Jones futures are down 0.46% at 13,169 pts. S&P500 futures are losing 0.58% at 1,401 pts. WTI is down 0.49 % at $107.65
The index is up 0.34% at 79.97 with the next resistance at 80.05 ahead of 80.41 and 80.64
Support levels are located at 79.47 followed by 79.24 and then 78.89
