US Dollar Index (DXY)-Key Levels

With all these reports from Industrial production, the EU trade Balance, Building and Housing and to the US Michigan Confidence data have not really done as much. With the US Dollar Index (DXY) has remained within our benchmark @80.05/10 levels with a real pullback for the past two days signaling a pause. We do not know how many times we have emphasized the significance on this figure to a point of calling it now the "magic#" to watch.

But being the last trading day for the week and barely a few hours to go from closing; momentum have obviously died-down for USD bulls with speculative shorts side-lined. And technicians have further to make the call if and when a Euro and Cable decline would continue.further. Cautious position trade settlement have been done prior to the closing week. Further set-up for now would be on a technical direction. Yet the US Dollar Index would still be the major CCY to watch and would provide some signals before the next three days of trading activity by next week which would prove to be more interesting!

Have a wonderful weekend everyone! We do hope this week have likewise been good for all!