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US Dollar Index CFD (USD)

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DXYThe U.S. Dollar Index (USDX or DXY) is a measure of the value of the U.S. dollar relative to a weighted basket of six major foreign currencies: the euro (57.6% weight), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). Established in 1973 after the Bretton Woods system ended, the index serves as a benchmark for the dollar’s strength in global markets. How the Dollar Index Drives Trade Directional Bias in Forex Indicator of Dollar Strength or Weakness When the USDX rises, it means the U.S. dollar is strengthening against this basket of currencies; when it falls, the dollar is weakening. Since the dollar is the world’s primary reserve and trading currency, its strength heavily influences forex market trends. Correlation with Major Currency Pairs Inverse correlation with EUR/USD and GBP/USD: Because the euro and pound have large weights in the index, a rising USDX typically causes EUR/USD and GBP/USD to fall, and vice versa. Positive correlation with USD/JPY and USD/CAD: For pairs where USD is the base currency, these pairs tend to move in the same direction as the USDX. Commodity-related pairs like AUD/USD and NZD/USD often move inversely to the USDX due to their sensitivity to global risk sentiment and commodity prices. Guiding Trade Decisions and Confirming Signals Traders use the USDX to confirm directional bias in forex trades. For example, if the USDX is rising, it supports taking long positions in USD-based pairs or short positions in pairs where USD is the quote currency. Conversely, a falling USDX suggests caution on USD longs and potential opportunities in other currencies. Macro and Sentiment Indicator The USDX reflects broader economic conditions, U.S. monetary policy, and global risk sentiment. For instance, Fed rate hikes often strengthen the USDX, causing shifts in forex markets. It also acts as a proxy for the health of the U.S. economy and influences global trade flows. Summary Aspect Effect on Forex Trading Rising USDX Dollar strengthens; EUR/USD & GBP/USD tend to fall; USD/JPY & USD/CAD tend to rise Falling USDX Dollar weakens; EUR/USD & GBP/USD tend to rise; USD/JPY & USD/CAD tend to fall USD as Base Currency (USD/xxx) Moves in line with USDX USD as Quote Currency (xxx/USD) Moves inversely to USDX Use in Trading Confirms trade signals, guides directional bias, gauges macroeconomic trends In essence, the U.S. Dollar Index is a vital tool in forex trading, providing a consolidated view of the dollar’s strength and helping traders anticipate market movements and set trade directional bias accordingly.
TVC:DXYLong
by Shavyfxhub
USD Tests Long-Term Support + Weekly OversoldLast week I highlighted the oversold reading on the weekly DXY chart. While bulls didn't exactly put in a massive showing it was also one of the first green weekly bars in a month. Notably, the monthly April bar looks very bearish but the bulk of those losses were in the first 11 days of the month and last week, on Monday, a massive spot of support came into play at the 38.2% retracement of the 2008-2024 major move. This is confluent with a trendline projection, connecting 2001 and 2020 highs, which had come in to hold support back in July of 2023. This adds context to the possibility of a pullback in the USD and this meshes with the 1.1500 resistance test in EUR/USD. - js
TVC:DXY
by FOREXcom
the trap has layerswhat if i told you the dxy was not done yet, what if i told you, there was 1 more push up, 1 more test before it truly breaks and starts a bull market. what if i told you that on that final test, that final push up, the crypto market breaks and takes everything. --- you probably wouldn't believe me. --- looking at the dxy as a simple zig-zag with a complex flat in the b-wave. once wave b is completed, at about 110-111, i predict it drops down, deep and while it drops, it triggers alt season. 🌙
TVC:DXY
by notoriousbids
DXY is entering the Smart Money play — Are you ready Temporary selling pressure is unfolding, but a powerful bullish reversal zone is on the horizon! Don’t miss this key USD cycle setup The US Dollar Index (DXY) is currently breaking down for a temporary selling phase, approaching a high-probability demand zone between 96.40–98.00. According to the Smart Money Concept, institutional players are clearing liquidity before driving price back towards the higher supply zone (106–110). Key Insights: – Temporary Sell-Off: Price is moving toward the demand zone – Bullish Reversal Expected: Watch for signs of accumulation around 96.40–98.00 – Next Target: Supply zone near 106+ levels – Strategy: Monitor for bullish confirmation before longing Stay ahead with clean Smart Money setups —
CAPITALCOM:DXY
by Greenfireforex
DOLLARThe Federal Reserve’s FOMC meeting on May 7, 2025, resulted in the decision to hold the federal funds rate steady at 4.25% to 4.50%, maintaining the current policy stance amid rising economic uncertainty primarily driven by trade tensions and tariff impacts. Key Points from the FOMC Decision and Statement: The Fed acknowledged that economic activity continues to expand at a solid pace, with the labor market remaining strong and unemployment stable at low levels. Inflation remains somewhat elevated, with core inflation around 2.6%. The Committee highlighted increased uncertainty about the economic outlook, especially due to the effects of President Trump’s tariffs, which could raise both inflation and unemployment risks. The Fed is taking a data-dependent, wait-and-see approach, prepared to adjust policy as needed based on incoming economic information. The Fed continues to reduce its holdings of Treasury and mortgage-backed securities as part of monetary policy normalization. Chair Jerome Powell emphasized that the Fed does not plan preemptive rate cuts and will monitor how tariffs affect inflation and growth before making further moves. Market and Economic Context: Despite President Trump’s calls for rate cuts to stimulate growth amid tariff pressures, the Fed resisted, citing the need to balance its dual mandate of maximum employment and price stability. The Fed noted the risk of stagflation-a combination of slowing growth and rising inflation-due to tariff-induced supply chain disruptions and pricing pressures. Market expectations shifted after the meeting, with traders now pricing in a lower probability of near-term rate cuts, pushing the first likely cut to July or later in 2025 Summary of Geopolitical and Economic Risks Impacting the Fed’s Decision: Trade tensions and tariffs between the U.S. and China remain a major source of uncertainty, affecting business confidence, supply chains, and inflation dynamics. Inflation pressures from tariffs and supply disruptions complicate the Fed’s inflation targeting. Labor market strength provides some support for the economy, but downside risks from trade policies are growing. The Fed is navigating a delicate balance between controlling inflation and avoiding a sharp economic slowdown or rise in unemployment. In brief: The Fed’s decision to hold rates steady reflects caution amid mixed economic signals and geopolitical uncertainty, especially tariff-related risks. The central bank remains vigilant, ready to adjust policy as clearer data emerge on inflation, employment, and growth impacts from trade policies. Impact on the US Dollar The dollar stabilized and experienced a slight "micro bounce" ahead of the Fed meeting, partly due to optimism about upcoming U.S.-China trade talks. However, broad skepticism remains about the dollar’s strength amid economic uncertainty and ongoing capital outflows from U.S. assets by major Asian investors. Market consensus expects the dollar’s longer-term weakness to persist, as investors weigh the risks of slower growth and tariff-related disruptions. Impact on Bond Markets The Fed’s steady rate decision and cautious outlook have led to flattening or modest declines in Treasury yields, as investors price in delayed rate cuts and economic slowdown risks. Uncertainty about trade policy and inflation is keeping bond markets volatile, with investors seeking safe-haven assets amid stagflation concerns. Impact on Gold Prices Gold prices have been supported by safe-haven demand amid geopolitical and trade tensions, rising inflation concerns, and a weaker dollar environment. The Fed’s decision to hold rates steady without signaling imminent cuts keeps real yields low or negative, which is bullish for gold. Tariff-related inflation and geopolitical risks (including U.S.-China tensions, Taiwan conflict risks, and Middle East instability) continue to underpin gold’s appeal as a hedge.
TVC:DXY
by Shavyfxhub
DOLLARThe Federal Reserve’s FOMC meeting on May 7, 2025, resulted in the decision to hold the federal funds rate steady at 4.25% to 4.50%, maintaining the current policy stance amid rising economic uncertainty primarily driven by trade tensions and tariff impacts. Key Points from the FOMC Decision and Statement: The Fed acknowledged that economic activity continues to expand at a solid pace, with the labor market remaining strong and unemployment stable at low levels. Inflation remains somewhat elevated, with core inflation around 2.6%. The Committee highlighted increased uncertainty about the economic outlook, especially due to the effects of President Trump’s tariffs, which could raise both inflation and unemployment risks. The Fed is taking a data-dependent, wait-and-see approach, prepared to adjust policy as needed based on incoming economic information. The Fed continues to reduce its holdings of Treasury and mortgage-backed securities as part of monetary policy normalization. Chair Jerome Powell emphasized that the Fed does not plan preemptive rate cuts and will monitor how tariffs affect inflation and growth before making further moves. Market and Economic Context: Despite President Trump’s calls for rate cuts to stimulate growth amid tariff pressures, the Fed resisted, citing the need to balance its dual mandate of maximum employment and price stability. The Fed noted the risk of stagflation-a combination of slowing growth and rising inflation-due to tariff-induced supply chain disruptions and pricing pressures. Market expectations shifted after the meeting, with traders now pricing in a lower probability of near-term rate cuts, pushing the first likely cut to July or later in 2025 Summary of Geopolitical and Economic Risks Impacting the Fed’s Decision: Trade tensions and tariffs between the U.S. and China remain a major source of uncertainty, affecting business confidence, supply chains, and inflation dynamics. Inflation pressures from tariffs and supply disruptions complicate the Fed’s inflation targeting. Labor market strength provides some support for the economy, but downside risks from trade policies are growing. The Fed is navigating a delicate balance between controlling inflation and avoiding a sharp economic slowdown or rise in unemployment. In brief: The Fed’s decision to hold rates steady reflects caution amid mixed economic signals and geopolitical uncertainty, especially tariff-related risks. The central bank remains vigilant, ready to adjust policy as clearer data emerge on inflation, employment, and growth impacts from trade policies. Impact on the US Dollar The dollar stabilized and experienced a slight "micro bounce" ahead of the Fed meeting, partly due to optimism about upcoming U.S.-China trade talks. However, broad skepticism remains about the dollar’s strength amid economic uncertainty and ongoing capital outflows from U.S. assets by major Asian investors. Market consensus expects the dollar’s longer-term weakness to persist, as investors weigh the risks of slower growth and tariff-related disruptions. Impact on Bond Markets The Fed’s steady rate decision and cautious outlook have led to flattening or modest declines in Treasury yields, as investors price in delayed rate cuts and economic slowdown risks. Uncertainty about trade policy and inflation is keeping bond markets volatile, with investors seeking safe-haven assets amid stagflation concerns. Impact on Gold Prices Gold prices have been supported by safe-haven demand amid geopolitical and trade tensions, rising inflation concerns, and a weaker dollar environment. The Fed’s decision to hold rates steady without signaling imminent cuts keeps real yields low or negative, which is bullish for gold. Tariff-related inflation and geopolitical risks (including U.S.-China tensions, Taiwan conflict risks, and Middle East instability) continue to underpin gold’s appeal as a hedge.
TVC:DXY
by Shavyfxhub
USD is Bearish, SO BUY EUR, GBP, AUD, NZD CHF & JPY!In this video, we will update Saturday's forecasts mid-week, and look for valid setup for the rest of the week ahead. The following FX markets will be analyzed: USD Index EURUSD GBPUSD AUDUSD NZDUSD USDCAD USDCHF USDJPY Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or other wise. In this video, we will update the forecasts for the following FX markets:
TVC:DXY
by RT_Money
DXY Bullish scenario (Daily)Dxy is still respecting the market maker buy model idea. Monday traded inside friday range. Today (Tuesday) price already traded above monday previous high signaling bullish momentum and a higher probability to trade also above friday high. Right now price is consolidating between a daily bullish fair value gap and a bearish daily volume imbalance. With the information we have, price is likelly to shop arround with no clear direction before FOMC. For the current week price is still in the manipulation phase. Traders will find higher probability trades after FOMC.
TVC:DXYLong
by josefreis
Could this be DXY's fate amidst the dovish tentions? #FEDS📈 Most Likely Probability: Neutral-to-Slightly Bullish Bias 🔍 Supporting Fundamentals: Stronger-than-expected NFP: Suggests economic resilience → supports dollar strength. Fed holding rates steady (but no dovish pivot): Keeps real yields relatively attractive → supports demand for USD. Tariff/trade calm: Reduces tail risk, but also reduces safe-haven flow → slightly neutral. 📉 Limiting Fundamentals: Calmer global risk sentiment and improved outlook in emerging markets may reduce dollar inflows. No fresh hawkish push from the Fed = limited fuel for strong breakout. 📊 Technical Outlook (DXY near 100.00): Key Support: ~99.70–100.00 (9-day EMA + psychological support) Key Resistance: ~100.50–101.00 zone Momentum: Slight recovery attempts with weakening bearish momentum If the DXY holds above 99.70 and breaks above 100.50, a move toward 101.00 is likely next week. Failing to hold 99.70 could open a pullback toward 99.00.
CAPITALCOM:DXYLong
by Pipsey_hustle
Dollar Outlook Ahead of Jobs ReportThe dollar index is attempting a comeback, but the 100.20–100.50 zone has so far formed a strong resistance. Today’s jobs report will be key for determining the short-term direction. Nonfarm payrolls are expected to rise by 138k. This could be the last relatively strong report before the effects of tariffs begin to weigh on the labor market. Leading indicators already show significant pressure on trade and transportation employment, though the full impact is likely to emerge in future reports. Still, we may see early signs of softness today. As the economy comes out of winter, there could be some temporary strength in weather-sensitive sectors. Overall, I expect a slight beat in today’s nonfarm payrolls data. If unemployment also holds at 4.2%, the dollar could respond positively. Positive reaction to the payrolls data usually do not pass around 1% gains. An interesting detail: TVC:DXY has risen after each of the last eight jobs reports, regardless of whether the data was strong or weak. That trend might end today, though, as the dollar is no longer in an established uptrend. If the 100.20–100.50 resistance zone breaks, the dollar could climb toward 101.50 in the coming days. However, the broader outlook remains negative. Please check our longer-term analysis here:
TVC:DXY
by ftdsystem