DXY is cooling off and crypto and equities are starting to heat up. Cointelegraph explores how BTC and altcoins could react to the current bullish momentum in the market. Investors across asset classe...
Tag: DXY
How will the NFP data affect the US dollar index (DXY)?
The US dollar index (DXY) drifted upwards on Friday as investors reflected on the recent Fed minutes and the upcoming Non-Farm Payrolls (NFP) data. It rose to a high of $105.43, which was the highest ...
This analyst who forecast a double-digit drop in stocks for 2022 now says Jeff Bezos may return to helm Amazon
If Tuesday was any indication of how the market will behave this year, then buckle up, it looks like it will be a wild one. The Dow Jones Industrial Average DJIA, -0.21% had a 537-point trading range,...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
DXY index forecast for 2023 amid an economic triple whammy
The US dollar index (DXY) has plunged in the past few weeks despite the relatively hawkish Federal Reserve. It sunk to a low of $103.44 in December, which was the lowest level since June 28 this year....
U.S. stock futures rise ahead of last trading week of 2022
U.S. stock futures rose Monday night, ahead of the final trading week of 2022. Dow Jones Industrial Average futures YM00, +0.49% gained nearly 200 points, or 0.6%, as of 9:45 p.m. Eastern. S&P 500...
Price analysis 12/26: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins. The cryptocurrency markets are trading at record low volatility as investors have...
Why the Bank of Japan’s surprise policy twist is rattling global markets
Anchors aweigh? The Bank of Japan sent shock waves through global financial markets Tuesday, effectively loosening a cap on 10-year government bond yields in a surprise move seen as potentially pointi...
Price analysis 12/12: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
Cryptocurrency and stock markets could see a sharp spike in volatility due to this week’s CPI print, interest rate hike and a conference from Federal Reserve chair Jerome Powell. The consumer price in...
DXY smacked ahead of the Fed decision
The US dollar index (DXY) remained under pressure in the past few weeks as investors wait for the upcoming Fed rate decision and US inflation data. It was trading at $104.98, which was the lowest leve...
Using the DXY to forecast US equities ahead of the December CPI report
Next week is a busy one for traders. Four central banks will release their monetary decisions (Federal Reserve, Swiss National Bank, Bank of England, European Central Bank) for the last time in 2022. ...
Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins. It’s the final month ...
DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 mont...
Price analysis 11/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week. China witnessed a spike in Covid cases and that has resulted in strict ...
Year-end rally? Bullish stock-market pattern set to collide with stagflation fears
The period between now and year-end marks a historically bullish final stretch of the year for U.S. stocks, particularly just before and after Christmas. The question for investors is whether favorabl...
Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips. Continued selling in the cryptocurrency markets pulled the total market ...
Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.
A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be h...
DXY forecast as the US dollar index pulls back
The US dollar index (DXY) price remained in a consolidation mode as investors focus on the next actions by the Federal Reserve. It was trading at $106.50, where it has been this week. This price is al...
This is the chart that rattled U.S. financial markets on Thursday
One chart is all it took to move financial markets on Thursday. That chart was presented by St. Louis Fed President James Bullard as part of a presentation in Louisville, Ky., and it shows where he se...
Investors digest lower-than-expected CPI as risk-on assets rallied while DXY sunk into the weekend
For almost the entirety of 2022, U.S. inflation data has caused pain in the markets, however, a slowdown in October gave new hope for less aggressive Fed hikes. Investors grabbed the chance with both ...
Dollar Index (DXY) Parabolic Rise Breaks Down as US Inflation Declines
The U.S. dollar index negatively correlates with traditional stocks and the cryptocurrency market. If the DXY has indeed already reached the macro top of this cycle, it is likely that Bitcoin has alre...
Stocks Rallied Dramatically. It’s Still a Bear Market
This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Bear-Market Rallies Technical Strategy BTIGNov. 11: Thursday...
Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
Bitcoin (BTC) surged $1,000 in five minutes before the Nov. 10 Wall Street open as United States inflation and jobs data boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingVie...
Here’s How The DXY Index Could Impact The Crypto Space
On Friday, i.e., November 4th, the US Department of Labor released the unemployment data, indicating an increase in the rate, which hit 3.7% for October. After the data was released, the US stock mark...
Popular Crypto Analyst Details Potential Dogecoin Rally, Dives Deep Into the US Dollar Index (DXY)
A popular crypto analyst is looking into the US Dollar Index (DXY), an indicator of the strength of the US dollar. Crypto analyst Justin Bennett tells his 110,500 Twitter followers that the higher-tha...
US dollar index (DXY) forecast ahead of the Fed rate hike
The US dollar index (DXY) has crawled back in the past few days as investors focus on the upcoming interest rate decision by the Federal Reserve. It rose to a high of $111, which was the highest point...
Bitcoin jumps 6% while DXY and gold post negative returns
After two consecutive red months, Bitcoin posted a 6% increase in October. The volatility that wiped out billions from the market devastated Bitcoin’s price in June and led to a shaky summer with litt...
Weekly MacroSlate: Have U.S. treasury yields and the DXY topped for this cycle? Big miss for big tech as Bitcoin holds steady at $20k
Macro Overview Further pressure on BOJ and the Yen In previous MacroSlate reports, Japan has been at the front and center of discussion and controversy regarding its fiscal and monetary policy. On Oct...
Dow ends down nearly 350 points after jobs data, hawkish Fed comments hammer stocks
U.S. stock indexes ended another choppy session in the red on Thursday as investors digested a fresh batch of labor-market data and hawkish commentary from Federal Reserve officials, while looking ahe...