What everybody knows isn’t worth knowing, according to market wisdom. The Federal Reserve will raise its key federal-funds target rate by 75 basis points this coming week, as we all know, from the cur...
Tag: DXY
DXY price forecast ahead of the end of the trading year
Slowly but surely, the end of the trading year nears. November and December are tricky to trade because most institutional investors and retail ones adjust their portfolios ahead of the new year. In s...
U.S. stock futures surge after Wall Street’s best week since June
U.S. stock futures surged out of the gate late Sunday, after Wall Street notched its best week since June. Dow Jones Industrial Average futures YM00, +0.62% jumped more than 200 points, or 0.7%, on Su...
SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC
The United States Consumer Price Index (CPI) increased 8.2% annually in September, beating economists’ expectations of an 8.1% rise. The CPI print lived up to its hype and caused a sharp, but short-te...
Thursday was ‘one of the craziest days of my career’ in markets, says Rick Rieder
Investors have witnessed some “pretty crazy” times in financial markets these past few weeks, with Thursday’s wild fluctuations ranking among the “craziest days of my career,” said Rick Rieder, the ch...
Bitcoin drops below $20,000 following U.S. jobs data; DXY dollar index soars
Crypto prices plummeted following the lowest monthly job figures out of the U.S. since last December. The U.S. added 263,000 new jobs in month of September, above expectations of 255,000 and below th...
Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC
Markets corrected as U.S. jobs data reflected a stubbornly robust labor market, adding further confirmation to investors’ belief that the Federal Reserve will continue with its aggressive rate hikes. ...
Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break
Bitcoin (BTC) held $20,000 into Oct. 5 with trader targets still including a fresh high before rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $21,000 upside target to precede n...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
Stocks will continue falling even after Fed pivots, warns Morgan Stanley strategist who predicted bear market
Morgan Stanley Chief Equity Strategist Mike Wilson on Monday has doubled down on his call for stocks to continue falling into the end of 2022 partly because of a shrinking supply of dollars in some of...
DXY index forecast as US dollar forms shooting star
The US dollar index (DXY) has been in a strong bullish trend in the past few months. It has risen in the past four months straight and is now trading at the highest level since May 2001. The index has...
Citi just lowered its S&P 500 price target. Here’s how likely it finds a severe recession, and what it expects from corporate earnings
Another day, another price target reduction. Strategists at Citi have reduced their year-end S&P 500 target to 4,000 from 4,200, and produced a 2023 target of 3,900. Put another way, they expect a...
Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT
Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in. The United States equities markets h...
‘Painfully slow capitulation’: Why investors keep getting inflation wrong
A brutal third quarter in financial markets came to a close on Friday and one thing is overwhelmingly clear: Inflation is the single most important factor driving asset valuations right now and yet fe...
Global Markets & Bitcoin on Macro Support, All Eyes on DXY
Global markets and cryptocurrencies have been experiencing deep declines for months. The strong correlation of Bitcoin’s price with traditional stock markets further exacerbates this trend. Dominating...
The stock market could be on the verge of a ‘tradeable’ rebound, according to a key technical indicator
Heading into the close on Monday, U.S. stocks appear poised for another difficult week as Treasury yields rose and the dollar’s global rampage continued. With the S&P 500 poised to record its lowe...
Traders brace for Bitcoin price volatility as DXY 2022 gains near 20%
Bitcoin (BTC) volatility edged higher during Sept. 26 as the Wall Street open avoided significant losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close tipped to shake up B...
Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT
The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week. The S&P 500 index has ...
DXY Index Reaching New Highs, Crypto Markets Could be in Distress This Weekend
The crypto space is expected to be in dire straits as the top crypto, Bitcoin is currently switching above and below $19,000. The shaky environment could be due to the strengthening of the USD as the ...
Weekly MacroSlate: Fed scores a hat-rick of 75bps hikes as currencies start to collapse worldwide against the DXY including Bitcoin
Macro Overview Fed scores a hat-trick The fed delivered its third consecutive 75 basis point hike accompanied by higher forecasts of future rates, pushing the dollar index and fixed income yields to n...
How Long Will U.S. Dollar Index (DXY) Continue to Rise?
The US Dollar Index (DXY) continues its parabolic rise. While it increased by 3% this week, commentators are asking when and at what level the dominance of the US currency will end. The strong dollar ...
Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruisin...
How high will the US dollar index (DXY) rise to?
The US dollar index (DXY) continued its surge as investors reflected on the rising global risks and the extremely hawkish Federal Reserve decision. It jumped to a high of $112.2, which was the highest...
Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’
Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative...
Price analysis 9/16: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT
Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices. The World Bank has warned of a pos...
US dollar index (DXY) forecast ahead of retail sales and inflation data
The US dollar index has retreated sharply in the past few days as investors focus on the upcoming US inflation and retail sales data. It has fallen in the past five straight days and moved to the lowe...
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led...