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CRUCIAL NFP DATA AHEAD!!!Market are betting on fed rates in today mainly. If NFP comes stronger than expected, markets might plunge giving fed signal to raise interest as economy is healthy. However of it comes weak, markets will speculate fed might slow down rates. US Dollar Index could rebound towards the 114.80 high. During last OPEC meet on Wednesday OPEC decided in its first one-on-one meeting since 2020 to cut production by up to 2 million barrels per day from November. Oil prices have fallen to around $90 a barrel from $120 in early June, amid growing fears of the prospect of a global economic recession. However, still not knowing how long will it last and with what intensity, predictions are useless for now. On the other side US opposes such a move, as OPEC keeps oil prices high, resulting in inflationary pressures on consumers and production costs. More specifically, President Biden is disappointed by OPEC's short-sighted decision to reduce production quotas while the global economy deals with the continuing negative effects of Putin's invasion of Ukraine. At a time when maintaining global energy, supplies are of the most importance, this decision will have the most negative impact on low- and middle-income countries that are already struggling with high energy prices. At Biden's direction, the Energy Department will release another 10 million barrels from the Strategic Petroleum Reserve into the market next month. As per opinion looking at the history US do not have a tendency to remain quiet after this big opposing move however based on current situation they not declare straight economic wars against each other however the COLD WAR has already been started and rumours are coming that all the upcoming moves from US are taken under the same considerations, now the Big question arises here is today's NFP will really be based on country's conditions or the it will be based on the Running conflict between other countries, Let's wait for few more hours and we have our answers, For more details and further discussion on this matter even on any other market knowledge feel free to DM us...
TVC:DXY
by FiscalAutonomy
How to get a 4:1 Risk reward ratio trade in Doller index (DXY)Previously, DXY encountered a fail downside attempt. Upon reversing, I entered the trade when RMO indicator (RMO by Lazybear) turned green Stop loss : - Low of the Bar - (Range of the bar) The index was initially supported by Kijun Sen but later it gave in. Lower Time frame DMI was also choppy. But, I stayed in trade as it didnot hit the SL I took out the profit at levels mentioned in the chart. The trade trade was carried with SL below EMA 20 and H2 DMI support. The trade closed when price broke EMA20 . Profits were taken at 1.2, 2.4 and 4.4 RR. My initial target was 2:1 RR. But went very good
TVC:DXYEducation
by suman6saha
$ indexI now believe that we will take off Into a BULL RUN soon. When I co-relate the DXY on a Monthly scale, the wave counts Clearly tell Me that we will TOP at 118 $ apprxx, so what does this mean ????? 1. We have an apprxx 6% upside on the DXY. 2. That in all probability 99.99% World Markets will bottom out 6% from Current levels. DJIA at apprxx 28000 - 28700 SnP at apprxx 3450. Nifty at apprxx 7200. Gold at apprxx 1575$. When I look at the above figures,,,,, They fit in Perfectly with my Projections AS OF NOW as well. There is TOOOOOOOOOOOOOO MUCH Bear Market Noise currently... and I think the BOLD who Go out and Venture will be Rewarded
CAPITALCOM:DXY
by deepgups
Dollar Index (DXY) to end correction and start fresh upmoveTVC:DXY has been moving perfectly as per Elliott waves. It has completed an impulse and now in correction. It has already corrected near 50% which is also close to previous degree wave 4. Worst case we might do 61.8% around 107. Once we get a positive daily close from here, it would be reasonable to assume next impulse has started. What does this mean for equities and cryptos? They'll take a dive as soon as DXY upmove starts.
TVC:DXYLong
by YetAnotherTA