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Dollar_index

DOLLAR INDEX ANALYSISIn recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle. Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly, almost all data were revised downwards (compared to the previous September report). In particular, the GDP dropped from 3.1% to 3.0% for this year and from 2.5% to 2.3% in 2019. The rate hikes, forecast three times in 2019, fell to two (at the moment). So, fewer rate hikes and weakened economic conditions certainly don't help the dollar. However, we have to take into account that, right now, it's not the best time to trade. In five days it's Christmas, and most of the big investors are currently out of the markets. So, everything becomes more complicated. In the medium-term, I'm convinced that we will see a drop in the dollar but in the short-term, anything can happen. To all of you Merry Christmas and a New Year full of gains!!
ICEUS:DX1!
by TradingwDavid
DXY Trade Idea: Bounce or breakNote the broken level signals that price is currently in a downtrend. We will look for a slowing in momentum then a clear sign of a reverse in momentum. Momentum is the same as volatility. Volatility is violence, the fight of the bears and bulls. We are always looking at places where we can buy and sell from places of strength and weakness. The great harbingers of strength and weakness are pinbars. When you see a candle that shows an increase or decrease in momentum, it'll come from a place where price action has shown the dominant direction of momentum in a visual representation. Candles tell you the story and the tape gives you the timing. All the best in your trades For More: drive.google.com
TVC:DXY
by Money_Lab
The dollar have to pass an important testThe U.S. and China have declared a truce in the trade war, and have agreed not to introduce new tariffs, and try to reach to an agreement in the next 90 days. As a result, the U.S. dollar has been languishing at lower levels while the stock markets have been rapidly climbing upwards. It seems that investors preferred to focus on the positive signals and in particular, on the fact that there will be no new tariffs in the next three months. The dollar will have to pass an important test. The dollar index fell by 0.5% this morning, testing the support area for its uptrend. The demand for risky assets has been growing and the main reasons were the expectations of a breakthrough in trade negotiations as well as the softening of the Fed's tone. All these factors may break the U.S dollar’s upward trend.
INDEX:DXYShort
by AlexKuptsikevich
2
DXY 96 Dxy INDEX:DXY will probably go down to 96 at the end of the year. People will be taking profits at the end of the year. US Job reports is on the (+) side (at the time of this writing) 10 year bond is on the (+) side (at the time of this writing) Inflation will probably go up a bit Then we have an upcoming increase in interest rates First quarter next year, the dollar will probably go up 96.5 or somewhere in that range. Unless of course a political turmoil happens..
TVC:DXY
by bono_trade-avenue