The Federal Reserve’s aggressive efforts to wring out inflation have sent the U.S. dollar soaring to historic highs — further aiding the effort to get price pressures under control. Beware, however, t...
Tag: DXY
Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer
Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control....
Oil Drops, Gas Falls Below $8, DXY Up, Bitcoin Down – Trustnodes
The dollar strength index (DXY) has crossed 110 for the first time since 2002, and is just 10 away from an all time high since 1984. For much of its rise however, a rule of sorts developed whereby if ...
Bitcoin Price Crashed Below $19K, DXY Climbs Above $110, This Should be a Wake-Up Call for Bulls!
Bitcoin price remained passive while the market sentiments lept on coiling ahead of the Bellatrix upgrade. Interestingly, as soon as the upgrade went live, BTC prices along with the major altcoins &am...
DXY rips higher as ISM Services gauge rises to 56.9
The dollar index (DXY) continues its march higher after the ISM Services release. In August, the US services sector continued to expand, as reflected by the better-than-expected data. With the US econ...
Bitcoin Versus DXY And The Dangerous TD9 Setup: VIDEO
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close. Take a look at the...
DXY Seeks Balance as Euro Wonders Where to Land
The world economy is in for some introspection as the US Fed eyes go for a hike of 75bp sometime in September. This comes after the 2-year US yields rise by 10bp to touch 3.48%. DXY is at its highest ...
Disappointing U.S. data has traders considering possibility of a half-point Fed rate hike in September
In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted back toward fears of an unexpectedly sharp economic slowdown and away from persistently high inflation over the bulk of the trad...
Once offering the worst return on Wall Street, cash is now looking like the best asset to own, says Morgan Stanley
Stock sellers are ready to pick up where they left off on Friday, as the market appears to be is waking up from its August slumber with a vengeance. As Goldman Sach’s chief U.S. equity strategist Davi...
U.S. dollar is now slicing through key technical levels ‘like a hot knife in butter’
The U.S. dollar is back on the upswing and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy over the past month as investors pulled back on expectations of...
Has the U.S. Dollar Index (DXY) Completed Its Uptrend?
After months of upward movement, the U.S. dollar index (DXY) may have peaked and initiated a downtrend. In early August, the DXY broke down from its long-term, exponential upward curve, while yesterda...
Is the US dollar index (DXY) a buy after the NFP data?
The US dollar index rose sharply on Friday after the US published a blemish-free non-farm payrolls (NFP) report. The DXY rose by about 1% to $106.76, which was the highest point since Wednesday. It re...
US Dollar Index (DXY) Regains Momentum Near $107; What Does It Mean?
The U.S dollar index is living up to its reputation as the “king’ of the market lately. Despite a shallow pullback in the previous week, the US dollar stays grounded near the $106.0 mark. The risk-ave...
Here’s why the DXY index rally has taken a breather
The US dollar index (DXY) pulled back on Monday as analysts scaled down their Federal Reserve expectations. The greenback is trading at $107.47, which is 1.72% below the highest point this month. This...
A Strong U.S. Dollar Raises Risks for Everyone
Text size The strong dollar is especially bad news for tech companies that realize much of their profits abroad. Sean Gallup/Getty Images Nothing can stop the dollar—and until something does, expect m...
US Dollar Reaches Parity with Euro, as DXY Breaks Through Resistance
The U.S. dollar appears to be the biggest beneficiary of global financial instability, pervasive inflation, the war in Ukraine and the coming recession. The dollar has regained currency parity with th...
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed on the common c...
Bitcoin price builds best weekly candle since March despite new DXY peak
Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced that good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentimen...
DXY index forecast as the US dollar crossed a key resistance
The DXY index is surging as investors embrace the US dollar’s role as a safe haven. The US dollar index surged to the highest level since October 2002. This means that the currency has surged by more ...
Bitcoin price approaches potential springboard to $23K as DXY cools surge
Bitcoin (BTC) approached the July 6 Wall Street open near $20,000 as a fresh battle between support and resistance loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whale levels clos...
DXY Topping? – Trustnodes
The dollar strength index (DXY) may be topping after finding some significant resistance at 105. The currency hit that level last month, with it retreating significantly. It touched it again last week...
Stocks are still too expensive and rising rates may shock financial system, Seth Klarman warns
Investment legend Seth Klarman went back to his roots at the Harvard Business School to declare that the stock market is still too pricey even with its slide this year. “You’ve got a stock market that...
DXY index: Here’s why the US dollar could rise to $107
The DXY index has been in a bullish momentum in the past few weeks. US dollar index has jumped to a 20-year high of $105.6 as investors wait for the upcoming interest rate decision by the Federal Rese...
Bitcoin Down, DXY Up on Inflation Data – Trustnodes
Bitcoin has fallen to just above $39,000 while eth has dropped further, with it just about keeping $1,700. That’s on a very red day for stocks as inflation comes at 1% for May, or 8.6 percent on a sea...
DXY price forecast after strengthening two weeks in a row
The trading week is not over yet, and anything is possible in the hours left until the end of the day. Nevertheless, the Dollar index’s (DXY) resilience is one to notice, especially this week. Partici...
Is it safe to buy the US dollar index (DXY) ahead of NFP data?
The US dollar index is moving sideways as investors wait for the latest non-farm payrolls (NFP) data. DXY, which weighs the greenback against a basket of currencies, is trading at $101.80, which is ab...