The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels. Three banks, Silvergate, Silicon Valley Bank and Signatu...
Tag: DXY
US dollar index (DXY) gets oversold
The US dollar index (DXY) retreated for the third straight day as traders adjusted their view of the Federal Reserve. It retreated to a low of $104, which was much lower than last week’s high of $105....
Indonesian rupiah outlook darkens as DXY surges
The USD to Indonesian rupiah (USD/IDR) exchange rate has been in a strong bullish trend as emerging market currencies retreated. It has been hovering at 15,427, which is a few points below the year-to...
Stock market could ‘take it hard’ as expectations grow for a 6% fed funds rate
U.S. stock investors are clearly not too happy with what Federal Reserve Chairman Jerome Powell has said in the past two days. And there’s reason to think they’ll get even more dissatisfied in the wee...
Powell Testimony: DXY breaks 105, BTC down to 22k as support, new peak rate of 5.60% in futures market
Quick Take Powell spoke before the senate on March 7 Powell: New data suggests “the ultimate level of rates is likely to be higher than previously anticipated.” “If the totality of the data were...
US dollar index (DXY) forms a double-bottom at the 23.6% Fib
The US dollar index made a bearish breakout ahead of a relatively busy week that will determine its performance for the rest of this year. The closely-watched DXY index retreated to a low of $104.12, ...
Price analysis 3/6: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take. The United States equit...
Silver price sell-off sees no end as bond yields, DXY rise
Silver (XAG/USD) price crashed to the lowest level since November as short-term treasury yields and the US dollar index (DXY) jumped. It plunged to a low of $20.54, which was about 16.8% below its hig...
Price analysis 2/27: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Bitcoin and U.S. equities markets are attempting to recover, but selling at overhead resistance could continue to weigh on the bullish momentum. Bitcoin (BTC) and the United States equities markets ar...
USD/CHF forecast: Temporary pullback as DXY retreats
The USD/CHF exchange rate pulled back slightly on Tuesday ahead of the upcoming Swiss GDP and US consumer confidence numbers. It dropped to a low of 0.9344, which was a few points below last week&rsqu...
Global financial markets have had a rough time since Russia’s invasion of Ukraine, but it is not over yet
A year after Russia invaded Ukraine and set off the bloodiest conflict in Europe since World War II, global financial markets seem to no longer carry on the lasting shocks on a daily basis, but the fu...
How does the U.S. Dollar Index (DXY) impact cryptocurrencies? Watch Macro Markets
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focus...
Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected
Quick Take Feb. 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending. PCE data came in hotter than expected. Headline y/y 5.4% vs. 5% Core y/y 4.7% vs. ...
DXY: US dollar index upside correction has peaked
The US dollar index (DXY) strong upward correction may be about to peak. Analysts at ING, a leading European banking group, warned that the rebound may struggle to find more upside in the coming weeks...
Gold price unravels as the DXY index makes a comeback
Gold price has been punched in the face after it had a spectacular start of the year. It initially surged by more than 21% from its lowest point in September to the year-to-date high. The XAU/USD pric...
Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high. Bitcoin (BTC) rose more than 11% last week and is tra...
Dollar (DXY) Reaches Inflection Point, Critical Level For Crypto Continuation
The almighty dollar and the once trending DXY is at an important inflection point, with the potential to cripple the blossoming bull market in Bitcoin and the rest of crypto, or propel it to new heigh...
‘The risk is that we’re going to hit the brakes very, very hard,’ Larry Summers says
“‘The risk is that we’re going to hit the brakes very, very hard.’ ” — Larry Summers Almost a full year of monetary-policy tightening by the Federal Reserve appears to be having little impact on price...
DXY: US dollar index could surge to $106.50
The US dollar index (DXY) made a spectacular comeback as investors assess their bets of the pace of Federal Reserve rate hikes. It jumped to a high of $104.53, the highest level since January 6, which...
USD/CHF rally stalls as the US dollar index (DXY) gains steam
The USD/CHF exchange rate wavered on Tuesday after the strong Swiss jobs numbers and as the US dollar index (DXY) recovery gained steam. The pair was trading at 0.9272, which was a few points above th...
Price analysis 2/6: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
The U.S. dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as Dogecoin. The United States Dollar Index (DXY) has started...
Why the 2023 stock market rally might depend on the U.S. dollar
The U.S. dollar may be losing its appeal as one of the few reliable safe-haven assets in times of economic and geopolitical uncertainty after an 18 month rally, and a further fall by the currency coul...
Job Numbers Keep Climbing, Sinking Chances of Rate Cuts
What did you know and when did you know it? If one were to pose that Watergate-era question to Federal Reserve Chairman Jerome Powell, on the issue of whether he gets an advance peak at key economic d...
Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
Bitcoin and altcoins started the week in the red, but if this week’s Federal Reserve meeting aligns with investors’ general expectations, the wider crypto market could quickly rebound. Traders tend to...
US dollar index (DXY) forecast: consumer confidence, FOMC, NFP data
The US dollar index (DXY) has crawled back this week ahead of the upcoming US consumer confidence data, FOMC decision, and non-farm payrolls (NFP) data. After falling to $101.58 last week, the index h...
US dollar index (DXY) pattern points to a comeback soon
The US dollar index (DXY) has been under intense pressure as global investors embrace a risk-on sentiment. It was trading at 101.85, which is a few points above the year-to-date low of 101.55. The ind...
Price analysis 1/23: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
The rally in stocks could be giving Bitcoin price a boost, and the crypto market could see more fireworks if the Fed confirms investors’ expectation that rate hikes will slow down. Bitcoin’s (BT...
Price analysis 1/17: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins. Risk assets have started the new year on a strong note. The ...
As U.S. dollar stumbles, Japanese yen is ‘hottest story in town’. Here’s why.
It’s the comeback currency. The Japanese yen, among the world’s worst-performing major currencies in 2022, roared back to a seven-month high versus a now-reeling U.S. dollar on Friday, as traders bet ...
Bitcoin More Stable Than Gold, DXY, & NDQ, What This Means
Data shows Bitcoin has been more stable than gold, DXY, Nasdaq, and S&P 500 recently, here’s what history says could follow next. Bitcoin 5-Day Volatility Has Fallen Below That Of Gold, DXY, Nasda...