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Usdollarshort

Russian Ruble - Higher Inflation data to trigger RUBLE Buying Fundamentals Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August. Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist. Key Points: Russia’s inflation currently stands at 5.50%. This overshoots the central bank's inflation target of 4.00% Markets betting on a rate hike by the Russian Central Bank August from 5.00% to 6.00% Russian 10 Year Bond Yield sits at 7.20%. Higher Inflation data could push up bond yields are cause the currency to strengthen. What To Watch Russian Employment Data & Unemployment Rate Oil Prices Inflation Rate Trade Idea’s Higher Inflation - Buy RUB Technicals RUB at major support levels against EUR @ 88.00 RUB at major support levels against USD @ 72.00 ATR Volatility USD/RUB 5.64% EUR/RUB 5.17%
Short
by KayansMarkets
DXY (US-DOLLAR-INDEX) could contineu its trend!Hey tradomaniacs, its getting tricky for the US-DOLLAR as the market is very news-driven since inflation is such a hot topic! Last week and before we have seen very crazy move as soon as economic data got released.. from bad NFPs to high inflation-data to worse retail sales. Technically we see a potential breakout below the trendline of the daily-chart and the correction could eventually end if we see more bearish confluence and momentum! Nontheless, be carefully as FOMC-meeting on Wednesday could be very crucial as the market waits for any hints about a tighter monetary policy planned by th FED.
TVC:DXYShort
by Trading2ez
DXY - SELL Update Trade update for a short sell recommendation on the DXY (U.S Dollar Index) The Dollar is structurally weaker across the markets based on the following fundamentals. 1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency. 2.) Negative $1trillion current account balance. 3.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar. We have a downside target of $88.00
TVC:DXYShort
by KayansMarkets
1
EUR/USD (Buy) & U.S Dollar Index (Sell)Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY. EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00. A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00. This offers us two trades in one as soon as EUR/USD breaks above the key technical resistance level. We look at entry price strategies and one-month ATR stop loss.
TVC:DXYLong
by KayansMarkets
3