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Dxyforecast

DXY trending higher following Fed stance and BOE influence stancAfter the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar. Even though the Fed maintained its hawkish stance after the Federal Open Market Committee (FOMC) meeting, markets tended to interpret Powell's comments cautiously. Despite recognition of the US's strong economic performance, concerns about tightening financial conditions and questions about the reliability of scatterplots have led to suggestions that US interest rates may have peaked. There is. This sentiment has led to lower bond yields and a drop in the value of the dollar. In contrast, three out of nine Monetary Policy Committee members at the BoE meeting supported a 25 basis point rate hike. However, rising UK unemployment and a forecast of zero growth in 2024 pose major challenges, with GBP/USD moving above previous support/resistance levels as the dollar weakens and US yields fall. Rose. Despite these developments, the pound's upward momentum remains limited. Interest rate forecasts suggest the Bank of England will not consider cutting rates until the third quarter of next year. This is slower than the Fed's market expectations (now revised to Q2 2024).
TVC:DXYLong
by NicoTradingMaster
DXY (Dollar index) Retracement back up to 105.600Following from last week hectic week of news events, we had a nice end on NFP friday giving us a clear indication on what price wants to do. As you can see the dollar has been ranging on the higher time frame, generating liquidity and testing new possible highs however failed to do so. Scenario (A) - We have a strong bearish candle breaching the low of the range, breaking the structure to the downside. This hints that the dollar wants to move in a bearish trend and possibly want to take the HTF trendline below that was left from the previous rally. From this move, we have marked out new supply zones that we can sell from to continue this expansion. As of current price we have entered a nice (4hr) demand zone that has previously caused BOS to the upside this can allow us to buy back up towards the supply above. Already we see a nice reaction within the zone as well as price accumilating so we can possibly look for nice buys on monday once we get a CHOCH on the LTF's. We will then target the 13hr supply zone above as thats our main POI for a potential sell setup to form. Scenario (B) - Is that price continues to the downside and fails this zone to sweep the liquidity below. As theres a lot of asian lows and engineering liquidity, price can easily take this to tap into the daily demand which is a better zone to buy from to target the supply above around 105.500. My confluences for short term dollar (DXY) buys are as follows: - Price tapped into a 4hr demand that broke structure to the upside. - Wyckoff accumilation is starting to formulate due to the slow movement inside the zone. - Imbalances left above from NFP news event that price needs to come fill. - If price wants to continue in this bearish trend it must retrace back to the supply above. - Liquidity from the previous low has also been swept (which is the bottom of the range) - enough liquidity to possibly cause price to retrace back up to 105.600. P.S. From last weeks DXY breakdown (29/10/23), My scenario (A) played out how I expected as price respected my 7hr supply zone that I marked out and melted perfectly from that zone which caused price to break structure to the downside. I am temporarily bearish on the dollar so our next POI's to continue this order flow will be at the 13hr supply or the extreme (7hr) above.
CAPITALCOM:DXYLong
by Hassan_fx
2
DXY - Keylevels - DailyDxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite far away and things for DXY can get complicated if it loses the next level as well. On the other hand, let's not forget that big investors can't wait to sell their dollars to enter the market, so the pressure on the dollar at these moments is getting bigger and bigger.
TVC:DXYShort
by sfc95
DXY Peaks as Leverage Combined Positions for USD Index RiseIt is with great concern that I bring to your notice the recent surge in leverage combined positions for the USD index, coinciding with the apparent peak of the Dollar Index (DXY). This convergence of events has prompted us to urge you to exercise caution and consider pausing your USD trading activities. Over the past few weeks, we have witnessed the DXY reaching new heights, bolstered by a series of positive economic indicators and widespread optimism. However, it is crucial to recognize that such prolonged upward trends tend to have limitations, often leading to market corrections or reversals. The mounting leverage combined positions for the USD index indicate an increasing number of traders speculating on the dollar's continued ascent. While this may seem enticing, history has shown us that excessive optimism and overleveraging can be precursors to market downturns. As responsible traders, it is our duty to approach these situations with a level-headed perspective. Therefore, we strongly advise you to pause and reevaluate your USD trading strategies, taking into account the current market conditions and the potential risks associated with the DXY's peak. Consider diversifying your portfolio, exploring alternative currency pairs, or even temporarily shifting your focus to other assets that exhibit more favorable risk-reward ratios. By exercising prudence during this phase of heightened optimism, you can better protect your capital and avoid potential losses. Remember, trading is a marathon, not a sprint, and preserving your financial stability is paramount. In conclusion, we urge you to approach USD trading with caution, recognizing the potential risks associated with the DXY's current peak and the surge in leverage combined positions. Take this opportunity to reassess your strategies, diversify your portfolio, and consider alternative trading options. By doing so, you will be better positioned to adapt and thrive in the ever-evolving world of trading.
TVC:DXYLong
by bryandowningqln
Latest news: Gold price has surpassed the $2,000 mark, as demandGold prices rose above $2,000 amid rising geopolitical tensions in the Middle East and demand for safe-haven assets ahead of the Federal Open Market Committee (FOMC) meeting. However, the 10-year bond yield has reached 5.02%, the highest level since 2007, and remains high. The increase in the US government's debt service rate strengthens the strength of the US dollar, leading to increases in the price of both the US dollar and gold. But gold, which doesn't pay interest, is often under selling pressure when the U.S. dollar and government bond yields rise. Despite these factors and the fact that U.S. real yields have reached a 15-year high of over 2.60%, gold prices remain resilient.
TVC:DXYLong
by Chart_MasterPro
DXY Dollar Index Technical Analysis And Trade IdeaIn this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be reminded that the content herewith is designed solely for educational purposes and should not be interpreted as financial advice. It is crucial to acknowledge the substantial risk associated with currency markets, emphasising the necessity of implementing astute risk management techniques in your trading endeavours.
TVC:DXYLong
by fxtraderanthony
Analyzing DXY's Recent Performance and Future Prospects in ForexLast week, I expected the US Dollar Index (DXY) to decline to 106.011, a key area of interest, and then bounce. It did indeed bounce strongly, but faced resistance at 106.651. DXY needs to close above 106.651 on daily or 4-hour candles for its rally to continue. Once it does, we can expect DXY to target buy-side liquidity. However, I would now prefer to see DXY absorb sell-side liquidity today or tomorrow before resuming its upward movement. In the meantime, while DXY consolidates, I believe there may be good opportunities in minor or exotic currency pairs. So, keep an eye on those. #forextraders #forextrading ##DXY #marketanalysis
TVC:DXYLong
by Crypto_Byte9
US Dollar Soaring with US Yield - Let's Long DXY!US dollar is currently on the rise, dancing in perfect harmony with the surging US yield! The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on this bullish trend and potentially reap some significant rewards. Now, you might be wondering how we can make the most of this incredible situation. Well, my dear traders, I would highly encourage you to consider going long on the US Dollar Index (DXY). By taking a long position on DXY, we can align ourselves with the current market sentiment and potentially maximize our profits. Here's why I believe this is a golden opportunity: 1. Strong US Economy: The US economy has been showing remarkable resilience, with positive economic indicators and robust recovery efforts. This strength is attracting investors, leading to increased demand for the US dollar. 2. Rising US Yield: The surge in US yields has been grabbing attention worldwide, making US bonds more attractive to investors seeking higher returns. This influx of capital further bolsters the US dollar's position. 3. Technical Indicators: By analyzing technical indicators, we can see a bullish pattern emerging in the US dollar. This pattern, combined with the positive fundamentals, reinforces our confidence in the potential success of a long position on DXY. So, my dear traders, let's seize this opportunity and ride the wave of the rising US dollar together! I urge you to carefully evaluate your trading strategies, assess the risks involved, and consider initiating a long position on DXY to potentially capitalize on this exciting market movement. Remember, success in trading often comes from recognizing opportunities and acting upon them swiftly. The US dollar's ascent, coupled with the soaring US yield, presents us with a chance to make profitable trades and elevate our trading portfolios.
TVC:DXYLong
by bryandowningqln
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.) My confluences for dollar (DXY) shorts are as follows: - Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish. - Price entered an 8hr supply zone that has caused this break of structure to the downside. - Momentum has slowed down (a good sign that price wants to go back down.) -Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target. - A few Imbalances have been left below that it must come back and fill. - Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity. P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
CAPITALCOM:DXYShort
by Hassan_fx
1
Dollar Show Signs of Flat Price Action until Year-End Here is an important update regarding the current state of the dollar and its potential price action for the remainder of the year. It is crucial to approach the subject with caution and consider the implications for your investment decisions. Over the past few months, the dollar has exhibited signs of flat price movement, showing limited volatility and a lack of clear direction. This trend is likely to persist until the end of the year, as various economic factors and market uncertainties continue to influence its performance. While it is tempting to engage in active investing in the Dollar Index (DXY) during such periods, it is important to exercise prudence and carefully evaluate the potential risks involved. The lack of significant movement in the dollar can make it challenging to achieve substantial returns within a short timeframe. Considering these circumstances, I encourage you to pause your DXY investing activities and reassess your strategies accordingly. It is crucial to remain vigilant and closely monitor market developments, as sudden shifts in global economic dynamics or geopolitical events could potentially disrupt the current flat price action. As traders, it is essential to adapt to the prevailing market conditions and adjust our investment approaches accordingly. This period of relative stability in the dollar can provide an opportunity to diversify our portfolios and explore alternative investment options that may offer better potential returns. I urge you to consider this cautious approach and take the necessary time to evaluate your investment strategies. By doing so, you can ensure that your capital is deployed wisely and in alignment with the prevailing market dynamics. Thank you for your attention, and I wish you continued success in your trading endeavors.
TVC:DXY
by bryandowningqln
DXY - Fed Chairman: 'Inflation is still too high'Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains too high. A few months of positive statistics are just the beginning of giving us confidence that inflation will return to target. But it remains to be seen how long these positive numbers will last, or how inflation will fare in the coming quarters. I don't know yet whether that will happen." He reiterated that Fed officials are "unanimously committed to bringing inflation down to 2%." The speech raises questions about the Fed's future policy after a series of consecutive interest rate hikes. The Fed has raised interest rates 11 times since March 2022, and the current interest rate is 5.25%. This is the highest level in 22 years. However, Chairman Powell believes that current interest rates are not too high. "Are the guidelines too strict? I don't think so," he said, but acknowledged that "rising interest rates are making things difficult for everyone." The Fed also highlighted recent good progress on its goals. The inflation rate as of September was 3.7%, a significant drop from over 9% in the middle of last year. "The latest figures show progress on both our goals of maximum employment and price stability. The economy remains in very good shape." But the comments came on the same day as reports showed the number of people applying for unemployment benefits last week was the lowest since the start of the year. This indicates that the labor market is tightening, which could put upward pressure on inflation. In recent days, a number of Fed officials have said the Fed may temporarily pause rate hikes. Even the most pro-tightening members expect the Fed to wait for further economic impact from its last rate hike. The market now expects the Fed to halt rate hikes, at least for now. The question is when will they start cutting interest rates? “If the environment remains risky and uncertain, we will be more cautious. The Fed will make decisions based on upcoming data, prospects and risks,” Powell said.
TVC:DXYLong
by TheLeader_WOLF
All eyes are on the Fed's keynote speech Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward. The first monetary policy plan was submitted to the New York Economic Club as the U.S. economy faces many pressing issues. Inflation has improved recently, but U.S. Treasury yields are rising, sending mixed signals about the direction of monetary policy. While most markets expect the Fed to keep interest rates on hold, they still expect Powell to confirm and clarify officials' views on the current situation and long-term trends. Luke Tilley, chief economist at financial services firm Wilmington Trust, said Chief Executive Officer Powell continues to talk about inflation risks given the strength of the economy and unexpected consumer spending in the third quarter. I predict that. Essentially, chief economist Tilley expects Powell's message to be divided into three parts. First, the Fed had to raise rates quickly, and they did. Next, the Fed needs to set a maximum interest rate, which is at the heart of the debate. And finally, we need to figure out how long interest rates need to stay at this high level to bring inflation down to our 2% target level.
TVC:DXYLong
by TheLeader_WOLF
DXY (dollar)Hello dear traders I think we are nearing the end of the rising wave... Is it time for correction? There are 2 scenarios to start price correction with tecnical and fibou extention and there are many reasons for fundamental : In a recent tweet, Kiyosaki sounded the alarm bells, pointing to a conversation he had during a podcast with journalist Dr. Nomi Prins, who has delivered a simple yet impactful message: "Get money out of banks." Did a pod cast with Dr. Nomi Prins. She is a Fed insider author of Collusion & her latest book Permanent Distortion. Her message is simple, get money out of banks. She reports FDIC has over 725 banks on watch list. Be wise. Be smart. Stay ahead of crashing banks — Robert Kiyosaki (@theRealKiyosaki) September 28, 2023 Kiyosaki's concern stems from the alarming Prins' revelation that the FDIC is monitoring over 725 banks, hinting at potential instability within the banking sector. good luck
TVC:DXYShort
by mehdi_kb
DXY - The US dollar index is showing signs of slowing downEconomists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession. In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle of last year that the probability has fallen below 50%. He mainly attributes his optimism to three factors. Inflation continues to decline, the Federal Reserve has finished raising interest rates, the job market is strong, and economic growth is well above expectations. The survey was conducted October 6-11 among 65 economists. Doug Porter and Scott Anderson, economists at BMO, say the odds of the U.S. going into recession continue to decline as the banking sector crisis eases and the labor market and incomes recover strongly. Rising real income supported consumption.
TVC:DXY
by TheLeader_WOLF