In a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year. Published data on Friday revealed that the core PCE index, the Fed's preferred inflation...
It seems like traders and investors are showing a preference for holding cash, as precious metal prices, cryptocurrencies, and the US30 are all experiencing major resistance. This could suggest a lack of confidence in the current market conditions. However, on a positive note, the DXY and UUP have managed to find support on the 3-weekly chart, indicating that some...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
🏃♂️The DXY index has been moving in the Descending Channel for over two months . 🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 . 🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5...
DXY - 48 hrs. Next year there are elections in the usa - and they already seem to be sending their shadows out! A reporter friend of mine even said yesterday to me in a private phone call that Fed Chairman Powell had may be brought interest rate cuts into play in order to avoid having to take a public position shortly before the us election in autumn 2024. In...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY is on support and has chance to make a double bottom and goes to moon. On my view, DXY still strong and will fly again. Trade safe. Good luck.
DXY - 48 hrs. After Fed Chairman Powell said that the topic of interest rate cuts had been discussed, there was no stopping the markets: DXY fell, us yield curve became cheaper, and/or the stock markets went up. Finally, the majority of observers, financial market traders and/or investors, seemed to hear what they wanted to hear. The result: financial conditions...
DXY - 48 Hrs. The Fed and especially Jerome Powell have ensured that the US stock markets are more overbought than they have been in years - and yesterday on the big expiry day with gigantic volume (options and futures expire). That was and is the majority opinion of most reporters and/or broker analysts. Which I fundamentally don't dispute. But at this point I...
While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...
In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial...
This count is based on my assumptions so anything can happen not a trading or financial advice just for fun only kindly do your own ta thanks trade with care good luck.
Chart says all. UJ is trying hard to broke up the trendline. If it succeed (i expect it) it could pump till 149.00, my target to switch short next
✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month . 💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do...
DXY - DISCOUNT VS USD? In my opinnion, this is just a discount for a possibilty tu long again AUD,EUR, etc..vs USD.
HELLO TRADERS!!! As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders...
🏃♂️The DXY index has been moving in a Descending channel for a month . 🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 💡I...
TVC:DXY regains the smile and advances to multi-day highs past 103.70 on Monday. If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37. In the meantime, above the key 200-day SMA, the outlook for the index is expected to...