Get started

Dollar-index

DOLLAR INDEX - Remains IndecisiveThere is nothing more important to a trader than a good prediction of the dollar's performance. At this stage and since mid-November last year, the dollar index has been going sideways. It landed on our calculated support but failed to find either a good rebound or a break through to dip lower. At this point it's important to understand what the dollar index is.: 'The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.' So, we have a dollar going sideways against the rest of the fiat currencies. At the same time we have a stagnation (no great movements) in the price of Gold, whereas now Bitcoin is also sideways, correcting and flirting with 35k+ in a hard-to predict manner. In other words fellows: when the dollar finally moves and oicks a direction, our trading will be easier. For the time being it's a cloudy and difficult time to trade so one must be able to hedge, diversify and take profits relatively early. Not a great time for swing trades, scalping seems to have better chances at this moment and it is key for a trader to be able to adjust based on changing market conditions. When can the dollar find direction? Well, either data or other fundamentals. Keep your eyes and ears open, things can change in a day, an hour , a single minute.
TVC:DXY
by FX_Professor
1
The Buck was already losing altitude before the return of US...The Buck was already losing altitude before the return of US markets from their long MLK junior holiday weekend, but the pull-back has continued through 90.500 in DXY terms to 90.401 vs 90.768 at one stage and from within a whisker of 91.000 yesterday, assessing US Treasury Secretary nominee Yellen’s confirmation Q&A where she is expounding the virtues of a market-determined level for the Dollar, as widely anticipated. Possible upside heading into tomorrows session...
TVC:DXYLong
by FTUKcom
7
The Dollar remains on track to record net and widespread gains..The Dollar remains on track to record net and widespread gains, but it’s been far from one-way traffic or straight forward as the DXY has whip-sawed within a 90.762-89.922 range through mostly disappointing US data, mainly dovish Fed rhetoric and President-elect Biden’s fiscal stimulus plan that was pretty much as expected. Meanwhile, broad risk sentiment has turned more selective in terms of stock indices and sectors as reflation positioning continues before the dawn of a Democratic Congress, and Treasury yields have also reflected the prospect of increased issuance to fund a bigger budget deficit via deeper bear-steepening until a retracement after auctions and a concerted effort from the Fed, including chair Powell to avert a taper tantrum. On the COVID front, the spread in the US and elsewhere is still accelerating to record levels of infections and fatalities in some domains, but markets (and society in general) are looking beyond the resurgence towards light at the end of the tunnel as authorities attempt to catch up by speeding up the pace of vaccinations. However, Friday’s Greenback appreciation has been forged from renewed safe-haven demand as equities retreat further from early 2021 and/or all time highs on a mixture of doubts about the aforementioned relief bill getting approval in its current guise and whether vaccines are effective against the new pandemic strains, not to mention reports that Pfizer may miss some drug delivery targets over the coming weeks.
TVC:DXY
by FTUKcom
4
🤔Dollar rising and Gold rising (as expected!)😉Our updated Dollar chart. Close to major resistance again. Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short: no inflation, dollar is doomed...what happens to gold then? it goes UP high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. So Gold up again 🔝 Weird yes? Not really, it's the times we live in, the times are weird more than the prices. An it will be a crazy year. ps. CIP (inflation) data came out exactly as forecasted, no major news on inflation today. I had prognosed that Gold will rise together with dollar just 3 days ago. ask me privately and I will show you ) ps2. Dollar rising and Gold rising...what happens if dollar drops next?? Take a wild guess guys
TVC:DXYLong
by FX_Professor
3
It’s too early to call time on the Greenback revival...It’s too early to call time on the Greenback revival, but Tuesday is shaping up to be one of those testing, if not make or break sessions as buyers continue to draw encouragement from rising yields and sellers seem more inclined to trade along risk appetite and aversion lines. To recap, the Dollar extended recovery gains broadly yesterday to the point where the DXY reached a high of 90.730 before fading when US stocks pared some losses, and the index has subsequently pulled back further within a 90.620-302 band ahead of more Fed orators and the Discount Rate minutes, NFIB sentiment, weekly Redbook sales, JOLTS and Usd 38 bn 10 year supply that could all have a bearing on direction. Tricky trading times at the moment with the dollar.
TVC:DXY
by FTUKcom
16
DXY Threatens to Cross Above 90.715 With Further UpsideSignposts detailed key signals on chart. DXY continues to trend higher along with a recent surge in 10-year Treasury yields. 90.715 is another key level that DXY is threatening to breach above. We saw a recent test of the 90.715 level, which we was not followed by a strong reversal. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
TVC:DXYLong
by FinancialGamblR
The Dollar remains in recovery mode, with the DXY temporarily...The Dollar remains in recovery mode, with the DXY temporarily rebounding from sub-89.500 lows, albeit in somewhat quieter and more measured fashion compared to Wednesday’s frantic price action awaiting confirmation of the Georgia run-off results and certification of Electoral College votes that was derailed by the siege on Capitol Hill before resuming to seal victory for President-in-waiting Biden. For the record, FOMC minutes were largely taken in stride, but upcoming IJC, trade and non-manufacturing ISM releases could be more market moving either side of comments from Fed’s Harker and Evans. Meanwhile, after extending losses on the Blue banner of fiscal and deficit excesses among other bearish factors, the Buck seems to have gleaned a degree of traction from the ongoing ramp up in US Treasury yields as 10 year cash inches further above 1% and the index hovers near the top of a 89.943-294 band.
TVC:DXYShort
by FTUKcom
3
What about the DXY? Potential Retracement + ImpulseGood morning traders, today we bring you our analysis on the DXY index, along with an analysis of the potential behavior based on the short and long term zones. 🔸For most of 2020, the price was in a downtrend after bouncing off the Resistance Zone. 🔸The movement was so strong that it managed to penetrate the Bullish Channel that had been active for almost 10 years to the downside. 🔸At this time, the price is approaching the Support Zone, where we will most likely see a reaction/consolidation for a few days/weeks. 🔸If the price does not make a strong reversal, we may see a breakout to the downside of this correction. 🔸In case this happens, the next support area is around $80, which would imply an interesting price drop.
TVC:DXYShort
by ThinkingAntsOk
1
Bearish sentiment remains overall for the index...Prior chart: The Dollar and index by default, if not quite design, have maintained recovery momentum, as the latter holds above 90.500 and Monday’s new y-t-d/multi-year low (90.419), albeit still unable to reach 91.000 and fading just below yesterday’s high, at 90.824 vs 90.907. Markets are somewhat caught and indecisive on the upbeat vaccine developments fostering optimism that the worst of the coronavirus and contagion may be over, but cautious about the fall-out from latest lockdowns and restrictions that are being tightened in some places due to new strains of COVID-19. Moreover, this week’s major risk events lie ahead and will vie with early positioning for month, quarter and year end, while stocks also have quad-witching to contend with. Bearish sentiment remains overall for the index.
TVC:DXYShort
by FTUKcom
6
DXY(Dollar INDEX) Support is not yet reached! Analysis! Hello, Traders! DXY, The Dollar Index keeps falling It takes looking at the 1D timeframe to see the next support level 89-88 Till then, we might see some pullbacks, but the first real support is there So looking at the chart, it seems like the dollar will keep falling Before it reaches this support, and only then will reverse and go UP Buy from support 89-88! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:DXYLong
by TopTradingSignals
1
DXY 92.00 completed...The dollar is softer and continued its downside with month end approaching. Citi quant's month-end rebalancing model points to dollar selling on Monday, with the signal to sell exceeding 1.5 standard deviations in all crosses except JPY, the bank said. The latest Fed minutes had no impact on the greenback, although some kind of action seems likely in December; what exact action will be taken remains to be seen, given the minutes had something for everyone. Before:
TVC:DXYShort
by FTUKcom
Dollar index stalls at the 92.2 levelNo directional bias at this point, but how it plays around this level may hint at momentum plays on the major pairs for the weak ahead. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
TVC:DXY
by FinancialGamblR
The Dollar index is holding up relatively well considering...The Dollar index is holding up relatively well considering other currencies, albeit in a lower 92.614-372 range compared to Monday awaiting some top tier US data in the form of retail sales and ip before another raft of Fed speakers. Moreover, the Greenback has clawed back some lost ground against the Loonie and Kiwi amidst a dip in broad risk sentiment following yesterday’s Moderna vaccine boost, with Usd/Cad straddling 1.3075 and Nzd/Usd pivoting 0.6900 in the run up to Canadian housing starts and wholesale trade and NZ PPI.
TVC:DXYShort
by FTUKcom
Dollar Index achieved 93.00. now lower?...The Dollar is weaker in relation to most major rivals in the run up to the FOMC and doubtless anticipating dovish guidance from the Fed and Chair Powell, but no action in terms of policy stimulus. However, the DXY is hovering around 93.000 within a softer 93.548-92.897 range awaiting the climax of the US Presidential Election that looks increasingly likely to see Republican Biden replace Democrat Trump, albeit with a gentle Blue ripple rather than the tidal wave prophesied by polls. Also ahead, another pre-NFP gauge in the form of Challenger lay-offs and the more timely IJC updates, but all unlikely to steer attention away from the FOMC and casting votes in the 2020 ballot.
TVC:DXYShort
by FTUKcom