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DXY

The USD decreased later, but will recover after the Fed raises iData released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion. The decline in the DXY index paused last week. Last week, this index sometimes fell to its lowest level and has rebounded from that mark. Although developments over the past week are bringing some positive signs for the USD, in the long term, the greenback's upward momentum is still weak. Therefore, any recovery in the near term will be short-lived and it is likely that the USD can only rise to a certain threshold.
TVC:DXYLong
by TrategySherpa
DXY fell sharply after weak US economic dataWeak economic data, along with CPI and PPI data released earlier this week, reinforced the view that the Fed's rate hike cycle is over. This has strongly affected US government bond yields and caused the 10-year government bond yield to fall below 4.45%, approaching the lowest level since the end of September. With the market expecting the Fed to gradually loosen monetary policy, gold prices may maintain an upward trend in the short term. This scenario will be confirmed if US economic data continues to weaken.
TVC:DXYLong
by TrategySherpa
DXY: DXY technical analysis todayThe three major US stock indices continued to eke out small gains while bonds rebounded from Monday’s corrective move lower, pushing yields down again. Several Fed speaks turned out hawkish still despite last week’s dovish pause and data weakness seen in the labour and services sectors. Fed Logan said inflation still remains too high. Fed Waller said the spike in yields was an “earthquake” for the bond market, while Fed Bowman said it was too soon for policy makers to know the full effects of the recent rise. Earlier in European and Asian sessions, stocks ended in the red as weaker than expected China exports stoke fear growth in the economic giant is cooling much more than expected. Futures are pointing to mixed openings in the Asia markets today. • Global bonds rebounded and drove yields lower again by and large. The UST curve shifted lower by 2-9bps across the curve led by the long ends, bull flattening the curve. 10Y European bond yields also fell about 8-10bps with the German bunds losing 8bps to 2.66% while the UK gilts shed 10bps to 4.27%
TVC:DXYLong
by TheForexFamily
1
DXY formed a downtrendThe DXY chart on the 1D frame formed a bullish leaf, but yesterday DXY had a false breakout, so it is likely that today DXY will tend to decrease, tomorrow there will be news of Non-Farm Employment Change, if the news is bad, DXY may dropped to 104.28, on the 1D chart stochastic is in the overbought area and is trending down, RSI is also trending down. On the H4 chart, stochastic is falling very strongly and so is RSI, so it is likely that DXY today will fall in the range of 106.12 - 105.68 and 105.68 also coincides with the 200 EMA, tomorrow there is news that DXY may fall to 104.28.
TVC:DXYShort
by TheForexFamily