Price on 
DXY after having broken below the Swing Low on June 12th @ 97.602 has created a lot of Indecision!
Starting with a 5 Day Long Consolidation period as a Rectangle Pattern
Then after the Bearish Breakout on June 30th due to the Federal Reserve mentioning possibly leaning towards Interest Rate Cuts, we see theDXY form a Expanding Range
Now at the Swing Low and above all the Consolidation or Indecision, we see a Volume Imbalance in the 97.5 - 97.6 area.
Fundamentally, USD has been mostly beating expectations with:
- Manufacturing and Services PMI's showing Expansion
- Job Openings higher then expected
- Unemployment Claims Low
- Unemployment Rate dropping ( 4.1% )
- Factory Orders Rising
Non-Farm Employment however hurt USD with -33K instead of the 99K forecasted
With all the Tariff uncertainties and how they will affect Inflation continues to worry markets with only a few deals having been ironed out, like the 20% Tariff on Vietnam ( down from 46% ) before the July 9th Deadline.
tradingview.com/news/reuters.com,2025:newsml_L4N3T00KA:0-asia-stocks-rally-as-us-vietnam-talks-spark-tariff-relief-hopes/
Now with good Employment News out with numbers showing Strong Job Reports, this eases labor fears and could help remove some of the expectations of the amount of Interest Rate cuts this year.
tradingview.com/news/DJN_DN20250703003715:0/
tradingview.com/news/te_news:467694:0-dollar-rises-as-strong-jobs-report-eases-labor-market-fears/
DXY after having broken below the Swing Low on June 12th @ 97.602 has created a lot of Indecision! Starting with a 5 Day Long Consolidation period as a Rectangle Pattern
Then after the Bearish Breakout on June 30th due to the Federal Reserve mentioning possibly leaning towards Interest Rate Cuts, we see the
DXY form a Expanding RangeNow at the Swing Low and above all the Consolidation or Indecision, we see a Volume Imbalance in the 97.5 - 97.6 area.
Fundamentally, USD has been mostly beating expectations with:
- Manufacturing and Services PMI's showing Expansion
- Job Openings higher then expected
- Unemployment Claims Low
- Unemployment Rate dropping ( 4.1% )
- Factory Orders Rising
Non-Farm Employment however hurt USD with -33K instead of the 99K forecasted
With all the Tariff uncertainties and how they will affect Inflation continues to worry markets with only a few deals having been ironed out, like the 20% Tariff on Vietnam ( down from 46% ) before the July 9th Deadline.
tradingview.com/news/reuters.com,2025:newsml_L4N3T00KA:0-asia-stocks-rally-as-us-vietnam-talks-spark-tariff-relief-hopes/
Now with good Employment News out with numbers showing Strong Job Reports, this eases labor fears and could help remove some of the expectations of the amount of Interest Rate cuts this year.
tradingview.com/news/DJN_DN20250703003715:0/
tradingview.com/news/te_news:467694:0-dollar-rises-as-strong-jobs-report-eases-labor-market-fears/
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.