a bit long then great short!Hello every one. It's time for Dollar to rest. be happy (wink)by Alireza_KFUpdated 332
Small Account Challenge Day 3 Recap - SPY & PYPL LongMade some mistakes today, but glad to have another green day. Up about 15% on the account now in the first 3 days. I'll slowly ramp up the aggression and position size as I build a cushion. Could have been a $200+ day today, but it didn't work out that way unfortunately.Long06:54by AdvancedPlays1
dxy analysisdxy is currently bearish toward 104.89 but upon reaching to this level will decide which way go if break 104.89 will go down further if hold 104.89 and can not break the level will up toward previous high but key points: Weak labor market data has fueled speculation among investors about potential Federal Reserve rate cuts later this year. Market sentiment is being swayed by expected shifts in U.S. monetary policy due to weak economic indicators. A dovish shift in monetary policy could support higher bond prices and potentially pressure the dollar if inflation continues to cool.Shortby MtICHIUpdated 2
$dxysome volatility and we continue the nuke to the magnet post fomc 200 ema catching up so should see a reaction there before further downside Shortby CompoundingGainUpdated 1
DXY about to be let loose!DXY retracement from it's last peak seems to have bottomed out, and is starting the next leg up to retest highs. Inflation is driving rates back up, or holding them up. While bonds occasionally sell off and yields rise. I imagine either other countries start lowering yields to prevent banking failures, or the US starts increasing yields to avoid dollar debt problems associated with inflation, the fed will probably exchange the banks bonds with higher yields so they can manage deposits without anymore losses. While the repo market drains... At some point the buck stops and the CB runs out of options. 3hr daily macro micro weekly macro micro monthly Longby MikhiavelliUpdated 114
$DXY strength creates stock market bottomsTVC:DXY strength creates stock market bottoms as earnings translation reduces earnings from overseas. This simple graph will show you very simply how the TVC:DXY creates strong changes in earnings estimates, which in turn, cause market participants to change the value that they are placing on the market. Combine TVC:DXY movement together with other indicators like TVC:VIX and USI:PC put/call ratios and CBOE:SKEW to find times when the market has already factored in the movement of the $DXY. The TVC:DXY is now sideways for 1 year, but has had a few waves of gains which have created downdrafts in the overall stock market. See if you can do the analysis going back further to see other times the TVC:DXY impacted the AMEX:SPY , TVC:DJI , $QQQ.by timwest4410
Dollar Index In the Crosshairs Ahead of US CPI DataAhead of today’s US CPI release, the US Dollar Index is hovering just north of major support coming in at 104.78, and is seen testing the grip of channel support, extended from the low of 105.21. These are important barriers to monitor. Inflation Expected to Slow A broad miss in the data today will likely weigh on the US dollar (USD), potentially pushing the Dollar Index through current support toward another, more local, support level at 104.48. You may recall that the Fed is not pursuing policy firming at the moment, and it would take a sizeable upside deviation in the data to begin to alter that view. With economists expecting the year-on-year CPI measures to slow, with headline expected to cool to 3.4% in April from 3.5% (March) and core to slow to 3.6% from 3.8% over the same period, sellers will likely be looking for +3.3% (headline) and +3.5% (core) to get them excited which should see a strong downside move in the USD. Upside Surprise? Of course, a surprise to the upside is still not off the table. However, it would need a more sizeable beat to interest market participants. Traders will likely need a +3.6% beat in the headline number and a +3.8% number in the core measure to see the buck underpinned. A release such as this could have sufficient fuel behind it to drive price action towards channel resistance, taken from the high of 105.74. DISCLAIMER: The information contained in this material is intended for general advice only. It does not take into account your investment objectives, financial situation or particular needs. FP Markets has made every effort to ensure the accuracy of the information as at the date of publication. FP Markets does not give any warranty or representation as to the material. Examples included in this material are for illustrative purposes only. To the extent permitted by law, FP Markets and its employees shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided in or omitted from this material. Features of the FP Markets products including applicable fees and charges are outlined in the Product Disclosure Statements available from FP Markets website, www.fpmarkets.com and should be considered before deciding to deal in those products. Derivatives can be risky; losses can exceed your initial payment. FP Markets recommends that you seek independent advice. First Prudential Markets Pty Ltd trading as FP Markets ABN 16 112 600 281, Australian Financial Services License Number 286354. Shortby FPMarketsUpdated 1
DXY likely go up by rise in inflationwe believe The DXY TVC:DXY will rise after inflation data. in the technical term we can see a 5-wave impulse pattern and an ABC correction after that we may see another 5-wave upward momentum. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Longby fortunamarkets5
CPI Data is expected to raise to 3.4% Today, investors are looking forward to the CPI data since we used to see fluctuations in the markets every time the data was released; the CPI in the previous year ranged between 3.7% at the highest and 3% at the lowest. If it remains within the same range, we would expect no significant changes; nevertheless, any number above 3.7% or below 3% will cause significant mhttps://www.tradingview.com/chart/UctofC4T/?symbol=TVC%3ADXYarket movement, especially since the stock markets are trading near their peak. According to the following chart, the US dollar index has been trading lately between a resistance level of 107.4 and 100.7 as a support level since the end of 2022, so the coming CPI reading will give us a clear indication about the Fed's coming decisions regarding the monetary policy.by CFI2
DXY Bias, outlook pre-CPI. 15 May 2024DXY bias is bullish throughout May. email: pvtskool@outlook.comLongby edonactive1
DXY Bearish Continuation On Yesterday News DXY has broken our 4h Trendline and has formed a Bullish Divergence. Considering today's News we can expect a restest of our trendline and then fall to the downside.Shortby Trader-Hash4
#DXY #USD #FED #EUR #AUD #GBP #NZDConsidering that producer price inflation increased, it did not strengthen after the index rose to 105.45 dollars and continued to improve. Currently, the important support of the index is 104.20 - 103.88. It should be noted that this range will be broken if US inflation data comes in below expectations. This is a personal opinion, not a buy or sell signal.by morteza_zargani4
Levels discussed on Livestream 15th May15th May - CPI news release DXY: Likely to consolidate at support area 105 Higher CPI >3.7, DXY trade higher, to 105.50 (confirmation at 105.20) Lower CPI <3.2, DXY trade down to 104.55 NZDUSD: Sell 0.6070 SL 20 TP 40 (DXY strength) AUDUSD: Buy 0.6666 SL 20 TP 60 (DXY strength) USDJPY: Look for reaction at 155.50 Buy 155.85 SL 30 TP 110 Sell 155.30 SL 40 TP 120 GBPUSD: Sell 1.2595 SL 25 TP 65 (DXY strength) EURUSD: Sell 1.0860 SL 25 TP 60 (DXY strength) USDCHF: Look for reaction at 0.9012 USDCAD: Buy 1.3625 SL 20 TP 65 Gold: Test and reject 2377, double top, could trade down to 2355by JinDao_Tai8
US DOLLAR INDEX(DXY): Waiting For Breakout 💵 The Dollar Index is experiencing a slight downward trend, with the price consolidating in a descending triangle pattern. The neckline of this pattern is between 105.09 and 104.88, which has been a major horizontal structure. If the price breaks below this level and closes on a 4-hour chart, it is likely that the market will continue to decline. The first target for this drop is 104.50, followed by a potential support level at 104.00.Shortby linofx12221
DXY DOverview: DXY: This stands for the U.S.expand_more Dollar Index, a measure of the value of the USD against a basket of major currencies of its trading partners.expand_more Chart: TradingView provides a live candlestick chart of the DXY, allowing you to see historical price movements and current value.expand_more Current Price: You'll see the current value of the DXY and its percentage change over the past day, week, month, or year (depending on your chart settings). Analysis Tools: Technical Indicators: TradingView offers a variety of technical indicators that can be applied to the DXY chart to help you identify trends, potential entry and exit points, and gauge momentum. Some commonly used indicators for forex trading include moving averages, relative strength index (RSI), and stochastic oscillator. News and Ideas: The platform often has a section with news articles and analysis specifically related to the DXY.expand_more This can provide valuable insights into factors affecting the U.S. dollar's strength or weakness. Trade Ideas: Traders can share their analysis and trade ideas for the DXY.expand_more This can be a great way to get different perspectives on the market and identify potential trading opportunities. Additional Information: Market Commentary: You might find a section with commentary from market analysts on the DXY's current performance and future outlook. Historical Data: You can adjust the chart timeframe to view historical price data for the DXY and analyze past trends.by Sibonginkosi_Sithole-Job30
US Dollar Index (DXY) Daily BearishDXY, or the US dollar index, is an index that tracks the performance of the US dollar against other currencies123. It was originally developed by the US Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the US dollar against global currencies4. The index is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners3. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies3.Shortby mehdi.tsh772
Possibility of uptrend According to the behavior of the price in the specified support range, the possible scenarios are specified. It is expected that the index will change its trend in the support range and start an upward trend Longby STPFOREX3
USD DOLLAR will go for bullishI think usd will up more to countinue for bullish movement for the next 1 or 2 month . This is only my view . ThanksLongby ewtradersbhUpdated 111
Shorting the USD against other pairs is a great trade nowDXY has been trending down and recently we saw a breakdown. We believe shorting the USD with pairs such as the EURO, AUD, CAD, GBP should work well under the circumstances. We believe these pairs will outperform the USD as you can see they are trending up Vs the USD We have mapped out DXY the downside support price targets. Shortby JK_Market_Recap0
DXY : The USD will continue to weakenOn the morning of May 15, the State Bank (SBV) announced the central exchange rate USD/VND at 24,269 VND, an increase of 3 VND. The exchange rate range allowed for transactions at Commercial Banks ranges from 23,400 - 25,450 VND. The USD/VND exchange rate was also brought to the trading range of 23,400 - 25,450 VND by the SBV Exchange. This morning's exchange rate increased slightly at commercial banks. Specifically, Vietcombank has a buying level of 25,152 and a selling level of 25,482, an increase of 3 dong in both buying and selling directions compared to yesterday. Meanwhile, the exchange rate on the free market increased more strongly. In Hanoi at 05:15, the exchange rate fluctuated around 25,768 - 25,848 VND, an increase of 10 VND on the buying side and an increase of 20 VND on the selling side compared to yesterday. The DXY index yesterday almost lost the 105.00 mark after the PPI data was released. Currency pairs also fluctuated accordingly, even the USD/VND exchange rate in the forex market also decreased sharply. However, somehow miraculously, the listed exchange rate still increased slightly.Shortby SantaTradeGold3
Update on DXYThe dollar index shows signs of weakness in rising and looks bearish. If it breaks the green range indicated in the chart, it is likely to fall to the lower gray range. For this reason, the currency pairs with the dollar will probably experience an increase in price.by happymanlifestyle3
DXY is approaching the main trend prior to CPI releaseHey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 104.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.200 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 27