Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇
1. “The Dollar’s Got Swagger”
You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool...
What market participants expected:
- 2023 Sept: Betting one last rate hike (a 4th in year 2023) in Nov/Dec FOMC meeting.
- 2023 Dec: No rate hike in Dec FOMC meeting. Afterwards, expected the Fed to cut in March 2024
What the Fed told us:
- According to the 'dot plot', majority of committee anticipate a 50-100 bps cut by the end of 2024.
- Powell once said...
Here's a Billion DXY nugget for all who have an ear to listen: receive: and learn.
The DXY aka Dollar aka GreenBack aka That BULL aka Dolla Dolla will make her Holla : runs US Base Currencies and is Zeus in the markets.
KNOWING this Objective Fact : you can mark up the DXY and trade it against most US Base Pairs especially FX:EURUSD and whichever way the DXY...
The dollar rally in May allowed the DXY to break above the blue 61.8% Fibo rate of 103.915 and the dollar rally looks ready to take a breather after touching a high of 104.695.
In terms of technical indictors, the daily MACD is rolling over and a sell signal seems imminent. The RSI is also turning after touching the overbought level at 80.00 which is supportive of...
The greenback looks set to add to its gains against the euro after yesterday’s sticky US CPI print. Positive employment data from the euro zone and in line with expectations Q4 GDP prints yesterday also did little to spark confidence in the euro.
The euro managed to push the pair above the 61.8% Fibo retracement level, 1.096, from the downward wave following the...
The upward momentum on the DXY after January’s positive non-farm payroll print on the 3rd of February seems to have subsided for the time being. The DXY managed to test its 50-day MA and touch the green 23.6% Fibo retracement level at 104 but these resistance levels have held their ground. The 23.6 % Fibo also coincides satisfyingly with the neckline of the...
With the New Year here with the Fed fighting aggressively to battle inflation i know there are a lot of rumors floating around the FED either lowering, maintaining, or increasing the FFR (federal funds rate). none of this matters in my opinion.
why?
price goes up and buyers slow down.
Because, the FED jacked up interest rates so fast that they did not allow...
Hello traders, here is my view for USDJPY, let me know in the comment section below if you have any questions. This is just my view and not financial advice.
Hello traders, here is my view for DXY, check updates below for some other possibilities for next movement.
Let me know in the comment section below if you have any questions. This is just my view and not financial advice.
Based on the technical picture, the AUDUSD has broken the demand zone & support on 4H timeframe which was also confirmed on the daily timeframe. Now the price seems likely to fall towards the upcoming demand zone / support. Have a look at the main chart for full details on this trade. If you wish to enter, make sure the RR is at least 1:1.
Trade Cautiously & Safely
In this chart we can see some pattern that fits to this strategy.
We saw a lot of liquidity in the path few months.
And sometimes the market can give u some bouncy bull trend for a couple of days or even week or two.
In this chart , u can see some pattern that give us some indication that may be some poll up , and then it going down to check the LL prices
And...
Hello traders, here is my view for DXY, let me know in the comment section below if you have any questions. This is just my view and not a financial advice
TVC:DXY
CAPITALCOM:DXY
INDEX:DXY
FX:USDOLLAR
DJ:USDOLLAR
ICEUS:DXY
From the Higher Time frame We can see price reacting to strong levels of support and we see price rejection on the daily. We could likely see a push upwards in the coming week.
Hello traders, here is my view for DXY, let me know in the comment section below if you have any questions. This is just my view and not a financial advice
The DXY Index has seen a spectacular move since the start of its recent uptrend in May 2021 - >10% in under a year. The move has been aggressive, offering very little in the way of pullbacks. However - we are starting to see the first signs that the index may be due some consolidation, namely:
1) Large extension from 200-day SMA (yellow)
2) Overbought RSI
3)...
The 97.80 lateral support held, and the DXY Index is within a whisker of touching our target of 100 - highlighted by us earlier last month. The small bull flag break may give the dollar the legs it needs to keep running.
![GBPUSD: POUND - DOLLAR LONG [GBPUSD]](https://s3.tradingview.com/h/HRrKwAnK_mid.png "POUND - DOLLAR LONG [GBPUSD]")
