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U.S. Dollar Index Futures

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DX1! trade ideas

USDX Futures Contract AnalysisThis is the U.S Dollar Futures contract expiring in December. I usually use this in Forex but lately the crypto market has been moving like the Forex market so i might as well drop it in here so you can use this information to analyse for the 4th Quarter of the year. Below the chart, there are 2 panes (the 1st pane indicates the Commitment of Traders report and the second pane indicates the institutional Open interest) For the 1st pane, focus on the red line which indicates the Commercial Banks. We can see that the red line is increasing which indicates that Commercial Banks (The big players in the market) are increasing their Net Long positions on the Dollar. For the 2nd Pane, the purple line indicates the Open interest within the market. We can see that the previous 2 weeks, the Open interest dropped drastically. What does this mean to a Smart Money Trader? The commercial banks are doing something called Short Covering (simply said, they are using this opportunity to close their short positions by opening Long positions). Now that I have explained what the 2 panes are implying... Look at the chart of the Weekly USDX futures contract, price has reached the Bullish Orderblock. What do you think will happen next 😏 ? www.barchart.com
ICEUS:DXZ2022Long
by Evaliste
2
Bites Of Trading Knowledge For New TOP Traders #16 (short read)Bites Of Trading Knowledge For New TOP Traders #16 ---------------------------------------------------------------- What is liquidity and what is its significance? - Liquidity refers to the availability of a product and ensures market participants have the ability to buy and sell easily. A liquid market increases the likelihood for finding a counterparty when entering or exiting a trade. What is volume a measurement of in trading? - Volume in trading refers to the total number of contracts exchanged between buyers and sellers of a market during trading hours over a given period. Higher trading volumes are considered more positive than lower trading volumes because they indicate the availability of orders in the market allowing better order execution during the trading session. What is open interest in the derivatives market? - Open interest is the total number of outstanding derivative contracts, such as options or futures that have not been settled for an asset. Open interest equals the total number of bought or sold contracts, not the total of both added together. Increasing open interest represents new or additional money coming into the market while decreasing open interest indicates money flowing out of the market. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS - Common application of financial market instruments for managing risk and opportunities. Diversification: Futures Spreads with Currency Futures A futures spread is usually created when one futures contract is sold simultaneously to the buying of a second related futures contract in order to capitalize on a discrepancy in price. Currency futures spreads combine the use of different currencies usually paired to the U.S. Dollar with the same contract month to express a relationship between the two currencies usually taking into account their strength or weakness relative to each other. For example, the Singapore Dollar (USDSGD) may be seen to be strengthening (price movement is downward) while the Chinese Yuan (USDCNY) may be seen as being very weak (price movement is upward). To take advantage of this observation, we would want to buy Singapore Dollar (sell the USDCNY future) and sell the Chinese Yuan (buy the USDCNY future) and as a result eliminate the U.S. Dollar. However, it must be noted that not all currencies are quoted in the same way like the Australian Dollar futures is quoted “AUDUSD”. It means then that to take advantage of a strong Australian Dollar and a weak Chinese Yuan quoted as “USDCNY”, an investor would need to buy both the AUDUSD future and the USDCNY future. TRADDICTIV · Research Team -------- Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
ICESG:SDX1!Education
by traddictiv
$DXY: New weekly signal spotted...The dollar index has flashed a buy signal in the daily and weekly timeframes here, I've bot some exposure to it via long calls in $UUP expiring by late September. The weekly Time@Mode trend signal forecast implies a substantial move lasting 6 weeks from here onwards. Downside risk is small, the signal suggests a 3.65 times reward to risk ratio, if the target is reached and the stop isn't, since the signal popped on Thursday this week. Trading FX signals like this adds a nice source of alpha to a stocks portfolio, I like to focus on the dollar index for simplicity's sake, but at times there's good opportunities in cross pairs as well, for those avid with macro analysis. Best of luck if buying the dollar here, expect a strong rally until the target is reached at least, with +60% odds. Cheers, Ivan Labrie.
ICEUS:DX1!Long
by IvanLabrie
1
DXY WILL THE DOLLAR PREVAIL OR NOT $$$Since the beginning of the year, DXY has been on an uptrend, establishing higher highs and lower highs. I have highlighted the significant support and resistance it has been bouncing off from for better understanding. Currently, DXY has touched the resistance and received rejection, causing it to decline; however, I believe this is the top and we will soon break the support and plummet; nevertheless, if it bounces off the support and continues to move forward, we will still be in a bullish trend and will go on to break the previous high.
ICEUS:DX1!
by thekidtrader11
1
The Rise of the Dollar Ends with a CrisisHistorical rallies regarding the US dollar show an unpreceded rise for high-risk assets, including stocks, which in the past had led to some sort of financial/economic crisis. For sure, always is very difficult to make an accurate forecast in price and in time, but we must not forget the explosion of the tech bubble in the 2000s, the ‘’Great Recession’’ in 2008, as well as the sovereign debt in 2012 since the one factor that has a high correlation to those declines, was the strengthening of U.S Dollar at least by 19% each time. Just to remind you that the benchmark S&P500 has already fallen by 23% this year. An estimation from Morgan Stanley is that the profit margin of US companies will be dropped 0.5% for every 1% of the rising Dollar. And if we consider that during the fourth quarter due to the rise of the Dollar earnings will fall by about 10%, we can imagine the disaster that will follow in stocks, excluding other issues of energy costs. Moreover, the occurrence of major central banks’ policy tightening now in an aggressive manner is amazing. Therefore, this new bubble has to break out suddenly. The possibilities are raising for more rate hikes, according to the recent stubbornly high inflation, which in turn will strengthen the Dollar even more. And this is good for the US because strengthening the dollar means cheaper imports and a record purchasing power for Americans. But for non-American citizens is bad and especially for the other Central Banks that have deposits in US dollars. It will be more expensive to repay their loans – companies and emerging market governments – since, from the debt data perspective, $83 billion dollars are going to be matured by the next year covering 32 countries. According to the World Bank, there are warnings of heading a global recession and many developing economies will face huge damages respecting the cutting in spending on education and health care to cover their debt payments. What’s even more concerning for now is that volatility and VIX is still relatively low despite lower stocks. So is extreme fear yet to come? Check our VIX chart in one of our past ideas.
ICEUS:DX1!
by ew-forecast
4
Inflation & Interest Rate Series / Dollar and Gold I have started this inflation and interest rate series, in our last video, we discussed "Inverted Yield". Today will be discussing the relationship between: . Inflation . Interest rate . Dollar and . Gold Today's Content: • Why with higher interest rates, it strengthens the USD • Is USD the strongest currency? If not, then who? • Strategy to counter inflation • Interest rate higher, but a lower USD? Dollar Index: . Measure the value of the dollar against a basket of six foreign currencies. . These are: the Euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona. . With the increase of money supply over the decades, it causes currencies dilution. When currencies weaken, inflation follows. COMEX Gold 0.1 = US$10 1.0 = US$100 10 points = US$1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. Stay tuned for our next episode in this series, we will discuss more on the insight of inflation and rising interest rates. More importantly, how to use this knowledge, turning it to our advantage in these challenging times for all of us.
ICEUS:DX1!Education
by konhow
6
$DXY - It has been my best friend for while...$DXY - It has been my best friend for while... We have a saying in trading: The trend is your friend until it breaks! We reaching key areas, my longer term target if we break above 110 areas next 120 IF we get there. I do really like to keep an open mind to either direction. However, we had a large pull back this morning which makes sense to have. Keep an eye on the key areas we at break above or below shorter term and longer term the big question is - Is this a pattern brewing of a rising wedge to have a pull back medium term? Things to keep in mind are the key fundamental data we had FOMC yesterday dovish and 75 hike it was expected the slimmer chance weeks went by of 100 and that did sound like a joke imo. However, we pulling back FX Majors check HT as it really key and we entering near end of month as well. Remember: Follow your own trade plan, it will make you very successful. TJ
ICEUS:DX1!
by Trade_Journal
Elliott Wave View: Dollar Index (DXY) Bullish Cycle Looks IncompShort term Elliott Wave view on Dollar Index (DXY) suggests cycle from 8.10.2022 low is in progress as an impulse Elliott Wave structure. Up from 8.10.2022 low, wave 1 ended at 110.786 and dips in wave 2 ended at 107.69. The Index has resumed higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 110 and dips in wave ((ii)) ended at 109.27. Index then resumed higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 110.26, and pullback in wave (ii) ended at 109.35. Index resumes higher in wave (iii) towards 111.57, and pullback in wave (iv) ended at 110.612. Near term, while above wave (iv) low at 110.61, expect the Index to extend higher within wave ((v)) to complete wave 3. Afterwards, it should pullback in wave 4 to correct cycle from 9.13.2022 low before the Index resumes higher again. As far as pivot at 107.7 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside. Potential target higher is 100% -161.8% Fibonacci extension from 8.10.2022 low which comes at 113.8 – 117.6 area.
ICEUS:DX1!
by Elliottwave-Forecast