The Federal Open Market Committee has released the very demanding monetary policy meeting minutes from the June monetary policy meeting which are very demanding. Markets have almost fully priced in another 75 basis point rate hike in July with which the minutes align. Investors are paying close attention to the discussions surrounding the September rate […]
Tag: DollarIndex
US Dollar Index Price Analysis: Next upside target emerges at 107.30
DXY is trading at cycle highs above 107.00. Further gains look likely and are targeting the 107.30 area. The US Dollar Index (DXY) adds to the ongoing strong rally and leaves behind the 107.00 level on Wednesday, or new all-time highs. On the short-term horizon, the dollar continues to rise. In this sense, the index […]
Dollar index stays alert around 106.50 ahead of FOMC minutes and data
DXY is trading without a clear direction below 106.50. The US ISM Non-Manufacturing is the next item on the US docket. Investors’ attention is focused on the release of the FOMC minutes. The Dollar Index (DXY), which tracks the greenback against a host of rival currencies, trades between gains and losses below 106.50 on Wednesday. […]
DXY Price Analysis: Resumption of rally could retest 107.00
The DXY quickly left behind the highs of the year and broke above 106.00. The continuation of the rally is targeting the 107.00 level. The Dollar Index (DXY) rallies and breaks above the 106.00 level to print new cycle highs on Tuesday. More dollar gains remain on the cards on the short-term horizon. The index […]
US Dollar Index DXY is cautious, holding on to the 105.00 level
The DXY index alternates gains with losses around 105.00. US yields resume gains as US markets return to normal. Factory orders for May stand out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, moves no clear direction around the 105.00 region […]
US Dollar Index Price Analysis: Still Room for Further Gains
The US Dollar Index (DXY) is under some pressure and breaks above 105.00. Continuation of the uptrend could see 2022 revised. The US Dollar Index (DXY) faces moderate selling pressure and breaks below the 105.00 support at the start of the week. On the short-term horizon, the dollar continues to rise. On the contrary, the […]
US Dollar Index Price Analysis: Bets Rise for Retest of 2022 High
DXY leaves Thursday’s pullback behind and retraces 105.00. Further up is the 2022 high near 105.80 (June 15). The US Dollar Index (DXY) resumes the rises and recovers the area beyond 105.00 the figure of the end of the week, managing to maintain the trade in the area of ​​2-week highs. Further dollar gains are […]
Forex Today – Asian Session: US Dollar Declines Despite Risk Aversion
Here’s what you need to know for Friday, July 1: On Thursday, most markets turned to risk. Being the last day of the month, the quarter and the semester, there were some important events that maintain the outlook for the new quarter in relation to global growth. The weakness of inflation-adjusted consumer spending in the […]
Gold Forecast: XAU/USD bears face bulls at critical time
Gold bears are putting pressure on the bulls in a critical area of ​​the daily chart. The price of gold is under pressure despite the increasing odds of a recession. At $1,806, the price of gold it is down 0.66% after falling from a high of $1,825.21 to a session low of $1,802.77, breaking out […]
US Dollar Index Price Analysis: The rally to 2022 highs is just around the corner
DXY breaks the 105.00 barrier with some conviction. The 2022 high near 105.80 (June 15) is next. The US Dollar Index (DXY) advances for the third session in a row and looks to consolidate the recent breakout of the 105.00 barrier on Thursday. The index has quickly moved past the weekly high near 105.00 (June […]
