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Dollar-index

Short into the NEW YEAR - US DXYAs you can see we are trading in a large fractal pattern , with the STOCH RSI heavily overbought . The USD is showing short term strength, but it is trading in a firm fractal. I believe we will see the USD Index fall into the new year, retesting the bottom trendline of the fractal. Furthermore, we may see the price completely fall out of the fractal. Inflation is on the rise in the USA. This is highly positive for crypto and other currencies such as the AUD. Thanks for reading.
TVC:DXYShort
by thehunchos2003
1
DOLLAR- Time for a Correction?NFP coming up and i do not seem to agree with the 'news' : The US Bureau of Labor Statistics (BLS) will release the September jobs report on Friday, November 5 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming employment data. Investors expect Nonfarm Payrolls to rise by 425,000 in October following the dismal print of 194,000 in September. Dollar will most likely correct today. the FXPROFESSOR
TVC:DXYShort
by FX_Professor
7
USD looks vulnerable at support...It’s probably far too premature to suggest that Dollar/major and EM pairs may have marked out boundaries for the big BLS release already, but the index looks pretty restrained having slipped into a lower range either side of 92.200 and just above the last fairly recent low ahead of 92.000. Thursday’s more encouraging US jobs data proxies have not made a lasting impression as the DXY meanders between 92.253-151 after another ‘dead cat’ bounce, awaiting the official report to assess further progress towards the ‘substantial’ threshold set by the Fed for tapering.
TVC:DXYShort
by FTUKcom
1
Dollar strength incoming...Several Fed speakers are lined up to appear on CNBC before KC President George officially opens the annual JH event, but markets are waiting in anticipation for Chair Powell to deliver his speech on the economic outlook for any clues on further progress towards the substantial benchmark for igniting the taper that might come at September’s FOMC. Hence, the Buck looks pretty bunkered and in familiar ranges vs most G10 rivals, while the index continues to hold a relatively tight line around 93.000 following its break down from Monday’s loftier levels. Indeed, the DXY only managed to match its midweek best despite the hawkish momentum provided by Bullard and Kaplan yesterday, as attention turns to multiple US data points. Meanwhile, technical and mega option expiry interest appear set to keep the Euro in check given another probe, but no sustained breach of the descending 21 DMA (1.1766 compared to 1.1772 on Thursday) and 2.1 bn rolling off between 1.1765-75 for the NY cut.
TVC:DXYLong
by FTUKcom
DXY/DOLLAR - Where Rejected Area? * If we focus on where the doxy (dollar) is bearish point, we see that there are two potential points for sale (estimate). »One point - DXY or dollar first selling point is the area around 93.10. »Second point - We see the area around 93.85 + in the second point for the Bearish. Hopefully, our trading estimates will be effective and will help your trading. If you like this idea or have your own opinion about it, write in the comments. We will be happy
TVC:DXYShort
by AaYeVoNPvtLtd
Dollar going from strength to strength...As Westpac puts it, the Dollar is effectively in a win-win situation, as it retains a firm underlying bid when sentiment turns bearish due to heightened concerns about the adverse impacts of this so called Delta variant, but also during periods of less anxiety and when attention switches back to the more hawkish-leaning FOMC alongside risks that inflation may not be transitory. Hence, Buck bulls are eager to buy into any dips and apparently getting increasingly impatient given ascending lows and highs in the index to 93.194 so far off a 92.951 base compared to 93.172-92.799 and 93.041-92.627 ranges yesterday and on Monday respectively. Looking ahead, only weekly MBA mortgage applications are scheduled on the US data front, but Usd 24 bn 20 year issuance seems to be in focus as Treasury yields back up pretty sharply and the curve flips into re-steepening mode.
TVC:DXYLong
by FTUKcom
3
The dollar was softer today...The dollar was softer with DXY sub-92.50 this afternoon after a rather dovish Fed Chair Powell, who in his testimony reiterated that inflation was likely to remain elevated in the coming months before easing and expectations are broadly consistent with the Fed target, suggesting he is not concerned following yesterday’s hot CPI. He also struck his dovish tone, noting monetary policy will deliver powerful support until the recovery is complete and the jobs market is still a ways off from progress needed to start the tapering process. However, the Fed chair did reiterate that while reaching the standard of "substantial further progress" is also still a ways off, participants expect that progress will continue and the Fed will continue discussions on progress towards goals in coming meetings and will provide advance notice before announcing any decision to make changes to our purchases. The downside in the buck today may also be spurred from the reversal in yields with yields across the curve lower today, reversing some of yesterday’s moves.
TVC:DXY
by FTUKcom
2
Non-farm coming up...The Dollar looks reset and almost literally recharged after losing some impetus intermittently yesterday when crude oil was gushing, as it continues to rally and pick off more technical or psychological levels in index and Usd/other currency pair terms. The DXY has now been up to 92.699, leaving just a high from early April guarding the next big figure (92.790 from the 6th of the month to be specific) before attention turns to NFP in earnest and then the latest CFTC spec positioning updates that are odds-on to reveal another short squeeze and paring of Greenback shorts. Moreover, Monday is a US market holiday to mark Independence Day and this could prompt more Buck buying. Trade safe!
TVC:DXY
by FTUKcom
2
Further bearish bias is anticipated!... The broader Dollar and index trimmed earlier gains as news flow remained light but as the broader sentiment improved. A pullback in yields further put more pressure on the Buck with some seeing a bullish Treasury quant piece as one of the catalysts at the time. Elsewhere, the data and speaker slate remained spared as eyes turn to the US May CPI on Thursday which also falls on ECB day, whilst Fed officials will refrain from making remarks on monetary policy as the blackout period is observed ahead of next week’s FOMC announcement. Looking ahead, tomorrow sees another quiet session from a State-side perspective. Further bearish bias is anticipated.
TVC:DXYShort
by FTUKcom
4