FUNDAMENTAL, SENTIMENTAL AND TECHNICAL ANALYSIS of DXY and its implication on the correlated instruments noted in the title.
FUNDAMENTAL ANALYSIS
Bullish Indicators:
1. Stock Market: The market is near its highest point (6118 vs. a high of 6130), indicating positive investor sentiment.
2. Unemployment Rate: At 4%, it's relatively low and shows stability compared to the previous month (4.1%), which suggests a healthy labor market.
3. Business Confidence and PMI: Business Confidence (50.9) and Manufacturing PMI (51.2) are above 50, indicating economic expansion.
4. Current Account to GDP: Improved from -3.8% to -3%, indicating a slightly better external position.
Bearish Indicators:
1. GDP Growth: Both the quarterly (2.3%) and annual growth rates (2.5%) have declined, signaling a slowing economy.
2. Non-Farm Payrolls: Significant drop from 307K to 143K, suggesting weakening job creation.
3. Inflation: Increased from 2.9% to 3% with a MoM rise of 0.5%, indicating growing inflationary pressures.
4. Balance of Trade and Current Account: The trade deficit widened from -78.94 to -98.43 USD Billion, and the current account deficit worsened, showing external sector weakness.
5. Government Budget Deficit: Increased from -5.4% to -6.2% of GDP, reflecting fiscal strain.
6. Consumer Confidence and Retail Sales: Consumer Confidence fell to 67.8 from 71.1, and Retail Sales dropped by -0.9%, suggesting weaker consumer spending.
Overall Sentiment: Bearish
Despite some positive indicators like the stock market's strength and a stable labor market, the slowdown in GDP growth, weak payroll data, rising inflation, worsening trade balance, and declining consumer confidence suggest a cautious outlook. The economy appears to be losing momentum, leading to a bearish sentiment overall.
SENTIMENTAL ANALYSIS
Large spec commercial traders are particularly bearish against the dollar (Commitment of Traders (COT) Analysis for USD Index (ICE Futures U.S.))
TECHNICAL ANALYSIS
1. DXY
2. S&P500
3. NAS100
4. GOLD
FUNDAMENTAL ANALYSIS
Bullish Indicators:
1. Stock Market: The market is near its highest point (6118 vs. a high of 6130), indicating positive investor sentiment.
2. Unemployment Rate: At 4%, it's relatively low and shows stability compared to the previous month (4.1%), which suggests a healthy labor market.
3. Business Confidence and PMI: Business Confidence (50.9) and Manufacturing PMI (51.2) are above 50, indicating economic expansion.
4. Current Account to GDP: Improved from -3.8% to -3%, indicating a slightly better external position.
Bearish Indicators:
1. GDP Growth: Both the quarterly (2.3%) and annual growth rates (2.5%) have declined, signaling a slowing economy.
2. Non-Farm Payrolls: Significant drop from 307K to 143K, suggesting weakening job creation.
3. Inflation: Increased from 2.9% to 3% with a MoM rise of 0.5%, indicating growing inflationary pressures.
4. Balance of Trade and Current Account: The trade deficit widened from -78.94 to -98.43 USD Billion, and the current account deficit worsened, showing external sector weakness.
5. Government Budget Deficit: Increased from -5.4% to -6.2% of GDP, reflecting fiscal strain.
6. Consumer Confidence and Retail Sales: Consumer Confidence fell to 67.8 from 71.1, and Retail Sales dropped by -0.9%, suggesting weaker consumer spending.
Overall Sentiment: Bearish
Despite some positive indicators like the stock market's strength and a stable labor market, the slowdown in GDP growth, weak payroll data, rising inflation, worsening trade balance, and declining consumer confidence suggest a cautious outlook. The economy appears to be losing momentum, leading to a bearish sentiment overall.
SENTIMENTAL ANALYSIS
Large spec commercial traders are particularly bearish against the dollar (Commitment of Traders (COT) Analysis for USD Index (ICE Futures U.S.))
TECHNICAL ANALYSIS
1. DXY
2. S&P500
3. NAS100
4. GOLD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.