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US DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEXUS DOLLAR CURRENCY INDEX

US DOLLAR CURRENCY INDEX

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DXY trade ideas

US Labor Market Surprises and Redefines Expectations for the FedThe US labor market has ended 2024 with unexpected strength, significantly exceeding market expectations. The addition of 256,000 new jobs in December, the highest figure in nine months, contrasts with forecasts of 160,000, consolidating a year of economic resilience. This robust data adds to a series of positive economic indicators, such as the services PMI and job openings, strengthening the narrative of a reduced need for an aggressive stance by the Federal Reserve (Fed). This labor market performance, bringing the total jobs created in 2024 to 2.2 million, though below the 3 million in 2023, directly impacts monetary policy expectations. Markets now more strongly anticipate that the first rate cut may not occur until the second half of 2025, with some suggesting it could be the only downward adjustment. This outlook diverges significantly from the Fed's revised projections at its December FOMC meeting, which reduced rate cut expectations from four to two for the next year. The strength of the US labor market, highlighted in the December non-farm payroll report, raises questions about the Fed’s monetary policy trajectory. This data, coupled with other positive economic indicators, suggests that the economy might be holding up better than expected, potentially delaying the need for rate cuts. A sectoral breakdown reveals particular dynamism in areas like healthcare (+46,000 jobs), government (+33,000), and retail trade (+43,000), the latter recovering from a contraction in November. However, certain weaknesses in manufacturing (-13,000 jobs) are evident. This strengthening of the US dollar, driven by robust economic data, is reflected in the DXY index, briefly reaching the 110 mark with a gain of approximately 0.7%. This appreciation of the dollar pressures emerging markets, particularly in Latin America, where the Mexican peso posted losses of over 0.8%. Additionally, downward pressure is observed in the equity markets, with the S&P 500 falling more than 1.5%. The market’s reaction to this data is clear: a stronger dollar, higher fixed-income yields, and pressure on equities. This scenario underscores the importance of closely monitoring the evolution of the US economy and its impact on global markets.
PEPPERSTONE:USDX
by Pepperstone
Confluence of Gartley 222, AB =CD and Three Drives to the topAt times they work out perfectly but you must always guard against euphoria. Anything can happen in the market ! Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my trigger, entered the trade with a sell limit and a tight stop. So far so good! Its a scalp trade! Always trade what you see and practise sound money management.
TVC:DXYShort
by ChasuraGold
The chart suggests that the price might experience a retracement Analysis of the DXY (US Dollar Index) Chart Using Support, Resistance, and Projected Movements This is a 4-hour timeframe analysis for the US Dollar Index (DXY), highlighting critical support and resistance levels and potential price movements: Key Levels: Support Zone: A strong support zone is identified around 108.000 - 108.500. If the price retraces to this zone, it is expected to find significant buying interest. Resistance Zone: The first resistance zone lies between 109.000 - 109.500. The next resistance zone, which could act as a target, is located around 110.000 - 110.500. Proposed Movement Pattern (Blue Lines): The chart suggests that the price might experience a retracement toward the support zone at 108.000 - 108.500. After hitting the support and confirming a bounce, the price is expected to rally toward the 109.000 - 109.500 resistance zone. If the resistance at 109.500 is broken, the price could continue its upward trajectory toward the next target at 110.000 - 110.500.
AFTERPRIME:DXY
by EhsanFibo
DXY Friday rallyThe DXY has created a double bottom forming a W patten, followed by creating a new Bull flag over the past 2 days. A break out of the bull flag could see a rally breaking high levels from 2022 at 110. If a rally to these levels does occur we will need to see bullish out announcements regarding the news over the weekend such as, Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations. I'd like to see a strong rally to end the week for the DXY, then monitor the news results over the weekend to form my Bias coming into next week on Monday.
TVC:DXYLong
by KGHP
Markets were in consolidation on 9th Jan 20259th January 2025 DXY: Consolidate between 109 and 109.40, could breakout to 110 NZDUSD: Sell 0.5575 SL 30 TP 60 AUDUSD: Look for reaction at 0.62, Buy 0.6220 SL 25 TP 50 or Sell 0.6175 SL 20 TP 60 GBPUSD: Sell 1.2260 SL 20 TP 70 EURUSD: Sell 1.0270 SL 25 TP 60 USDJPY: Watching that 158 resistance level EURJPY: Sell 162.40 SL 50 TP 80 GBPJPY: Sell 193.30 SL 50 TP 100 USDCHF: Buy 0.9130 SL 20 TP 50 USDCAD: Buy 1.4415 SL 20 TP 45 XAUUSD: Watch 2672 resistance (61.8%), possible rejection.
TVC:DXY
by JinDao_Tai
DXY Trading JournalDXY Trading Journal Jan9 Analysis Price opened in Asia to create and take recent equal lows before seeking higher prices taking out previous days buy stops. London created the high before retracing. High resistance day. Jan 10 Daily range is in Premium however the session range landed right on the .50%. NFC in NY session. I could see both noted clean equal highs and lows get taken today. I suspect that the highs will swiped then Price will lower to rebalance the FVG.
TVC:DXY
by LParnell
Something NEW!!1. Identify your htf. 2. Identify a htf bias. 3. Identify your current trading range on your htf. 4. Identify your premium or discount level. 5. Inside your premium or discount level identify your htf point of interest. 6. Wait for price to pull into your htf point of interest. 7. Pop down to a ltf where you'll observe bearish or bullish price action. 8. Wait for the buy model or sell model to play our wait for a market structure shift on the ltf. 9. Look for 2 stack pois like a breaker block coupled with an imbalance 10. Enter at the stacked poi( point of interest) after a market structure shift.
CAPITALCOM:DXYEducation
by darrenblignaut78
DeGRAM | DXY bearish takeover from the resistance levelDXY is in an ascending channel between trend lines. The price is moving from the dynamic resistance, which previously acted as a pullback point. The chart has formed a harmonic pattern, and upon reaching the resistance it formed a bearish takeover twice. On the 1H Timeframe, the indicators indicate a hidden bearish divergence. We expect a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYShort
by DeGRAM
8
"US Dollar Index (DXY): Bearish Rejection at Key Resistance ZoneThis chart for the US Dollar Index (DXY) on the 2-hour timeframe highlights a clear resistance zone around **109.034–109.278**, where price has rejected multiple times (marked by the orange circles). This indicates strong selling pressure at this level. ### Key Observations: 1. **Double/Triple Top Formation**: The repeated rejection around 109.034 suggests that sellers are defending this area. 2. **Bearish Bias**: The projection arrow indicates a potential bearish move from this resistance zone toward lower support levels around **108.380** and possibly further. 3. **Stop Loss Zone**: The red zone above 109.278 likely represents an invalidation level for any short positions. If price breaks and holds above this zone, it could signal further bullish momentum. 4. **Support Areas**: The highlighted zones below (around **108.380** and **108.000**) serve as potential profit-taking or reversal zones for shorts. ### Potential Trade Idea: - **Sell Zone**: Around 109.034–109.278. - **Target 1**: 108.380. - **Target 2**: 108.000 (if momentum continues). - **Stop Loss**: Above 109.278. This aligns with a bearish rejection play at resistance. However, if DXY breaks above 109.278 with strong momentum, you might consider switching bias to bullish. Always watch for confirmation before entering!
CAPITALCOM:DXYShort
by TRADE_CENTER_1
1
Levels discussed on livestream 8th Jan 20258th January 2025 DXY: Consolidating just below 50% (108.70), stronger ADP, DXY break higher, to 109.20 NZDUSD: Sell 0.5620 SL 20 TP 30 AUDUSD: Look for reaction at 0.62 strong round number support GBPUSD: Sell 1.2450 SL 25 TP 80 EURUSD: Sell 1.0320 SL 30 TP 60 USDJPY: Watching that 158 resistance level EURJPY: Sell 162.95 SL 30 TP 60 GBPJPY: Sell 196.50 SL 30 TP 70 USDCHF: Buy 0.9120 SL 20 TP 50 USDCAD: Buy 1.4385 SL 20 TP 50 XAUUSD: Consolidating below 2655, potential break out to upside, to 2672
TVC:DXY
by JinDao_Tai
DOLLARThe Federal Open Market Committee (FOMC) meeting minutes from December 17-18, 2024, provide valuable insights into the Federal Reserve's stance on the economy and monetary policy. Economic Overview The US economy has continued to expand at a solid pace, with real GDP growth remaining steady. Labor market conditions have eased slightly, but the unemployment rate remains low at 4.2% Inflation Consumer price inflation has decreased, with total PCE price inflation at 2.3% and core PCE price inflation at 2.8% in October. However, inflation remains somewhat elevated Monetary Policy The FOMC decided to lower the target range for the federal funds rate by 25 basis points to 4.25%-4.50%. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance Future Outlook The FOMC will continue to monitor incoming data and assess the balance of risks. Market participants expect the pace of rate cuts to slow considerably in 2025, with the median respondent expecting 75 basis points of cuts for the full year Additional Insights The FOMC minutes also discussed the potential reinstatement of the debt limit in 2025, which could result in substantial shifts in Federal Reserve liabilities. Additionally, the minutes noted that market participants expect central banks in advanced foreign economies to continue reducing their policy rates in 2025 ¹.
TVC:DXY
by Shavyfxhub
DXY Higher= Lower CryptoOne potential negative catalyst for crypto over the coming weeks could be the move higher in the DXY. I think the Euro in particular is going to get crushed to a new all-time low as the FX market prices in just how dynamic the USA economy is going to become versus the ultra constrained Eurozone econony. This is likely going to be a catalyst for Bitcoin and crypto weakness. As pointed out in the Biyond daily newsletter crypto bearish catalysts are far and few between so it does make sense if this potential DXY 114 helps a much needed crypto correction in early 2025.
TVC:DXYLong
by nathanbatchelor
1