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Reserve Bank of India likely to stand pat in December

Philippine central bank keeps interest rate unchanged at 2 pct

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Germany's unemployment exceeds expectations in September

U.S. personal income and spending rose less than expected in August

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. existing home sales rise above expectations in October

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

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U.S. House prices increase slightly in July

U.S. existing home sales decline in August

Swiss franc likely to gradually depreciate against euro in coming months

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. Q3 economic growth unrevised in second estimate

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Daily technical outlook for DXY: Societe Generale

Tuesday, February 24, 2015 10:40 AM UTC

Quotes from Societe Generale Cross Asset Research:

-After retracing from the multi decadal trend line resistance at 95.80, the Dollar Index has witnessed a sideways consolidation. Monthly stochastic indicator is at a pivotal ceiling highlighting 95.80 as a key resistance.

-Currently the pair is at the upper limit of a pattern similar to a triangle (95-93.65/40). Daily RSI has bounced from a trend line support however the range bound action persists. Only a definite break above 95.80 will confirm next leg of uptrend. Triangle support at 93.65/40 will decide about a deeper retracement.

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Daily technical outlook for DXY: Societe Generale

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