The Russian ruble has rebounded sharply off the lows seen after the invasion of Ukraine, although there remains a wide margin between prices quoted in Moscow and those quoted offshore. But in the late...
Tag: DXY
Here’s why the US dollar index (DXY) price could crash to $100
The US dollar index retreated slightly on Tuesday after the strong housing and consumer confidence data from the US. Focus now shifts to the upcoming jobs numbers from the United States that will come...
US dollar index (DXY) break and retest points to a rebound
The US dollar index (DXY) continued its downward trend on Friday after a slew of mixed economic data from the United States. The index declined to $101.60, which was the lowest level since April 25th ...
Dow books 4th day of gains, stocks rally after Fed minutes signal flexibility on interest rate hikes
Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did sto...
U.S. dollar index retreats from 20 year highs — But will DXY topping spark a Bitcoin recovery?
The United States dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip do...
DXY eyes break and retest pattern
The US dollar index retreated on Monday as constituent currencies retreated. DXY is trading at $102.30, which is about 2.16% below the highest level this year. It still remains about 8.12% above the l...
U.S. Dollar Index (DXY) Breaks Down From Exponential Uptrend
The U.S. Dollar Index (DXY) reached an area of long-term resistance in the range of 103-104 by April 2022’s end. A rejection from this area could initiate a DXY correction, which, attributed to its ne...
US dollar index (DXY) has crashed. Buy the dip or sell the rip?
The US dollar index (DXY) took a breather as market volatility declined. The index is trading at $102.57, which is the lowest it has been since Thursday last week. It has fallen by more than 2.1% from...
Is the dollar index (DXY) a buy ahead of US inflation data?
The US dollar index (DXY) retreated slightly on Wednesday as investors waited for the upcoming American consumer inflation data. It is trading at $103.56, which is slightly below the year-to-date high...
DXY Crosses Two Decades High – Trustnodes
The dollar has never been stronger since the booming heydays of the naughties when the economy was growing at 5%, year after year. The dollar strength index, DXY, has just risen to 103.9, overtaking t...
U.S. Dollar Index (DXY) Reaches Long-Term Resistance
The U.S. Dollar Index, which has experienced rapid growth in recent weeks, has reached long-term resistance. Much depends on the DXY’s further movements, not only in the broad financial sector, but al...
Is the DXY surge over? Traders brace for some profit-taking
The US dollar surged in April, as reflected by the DXY chart below. The index tracks the dollar’s performance against a basket of currencies, such as the euro, the British pound, or the Japanese yen. ...
US dollar index forecast: Here’s why the DXY has surged
The US dollar index (DXY) continued its bullish trend as the bond sell-off eased slightly. The index is trading at $100.77, which is the highest it has been since 2020. It has jumped by over 12% from ...
Timing A Dollar (DXY) Trend Reversal And Its Impact On Bitcoin
The DXY Dollar Currency Index is above the 100 level for the first time since the pandemic struck and lax monetary policy sent Bitcoin — and inflation rates — soaring. When or will the trend weaken, ...
Here’s the playbook if the rest of the world breaks free from the U.S. dollar, says Credit Suisse’s monetary plumbing guru
It’s pretty well accepted that no one knows as much about the plumbing of the world’s financial system as Zoltan Pozsar, global head of short-term interest-rate strategy at Credit Suisse, who was the ...
US dollar index forecast: What next for the DXY index?
The US dollar index (DXY) soared to the highest level since 2020 as global volatility accelerated. The index crossed the important resistance level at $100 for the first time in years. It has jumped b...
DXY: US dollar index prediction as the yield curve inverts
The US dollar index is approaching $100 as investors weigh the ongoing risks in the market and the extremely aggressive Federal Reserve. DXY is trading at $99.70, which is about 12% above the lowest l...
DXY: US dollar index forecast as the yield curve inverts
The US dollar index retreated slightly on Thursday morning even after the bond market started issuing warning signs about the economy. The DXY is trading at $99, which is a few points below its highes...
Whether or not a bottom is in, here’s what will ride to the stock market’s rescue over 12 months, one strategist forecasts
So, is this it? After the powerful 2.6% rebound for the S&P 500 SPX, -0.43% on Wednesday, is the bottom in? Arguing yes is Mark Newton, head of technical strategy at Fundstrat, who notes that whil...
DXY: Dollar index forecast ahead of US inflation data
The US dollar index (DXY) retreated sharply on Wednesday and Thursday morning as volatility retreated and as investors waited for the upcoming American inflation data. It is trading at $98.18, which i...
Bitcoin Price Rally to Weaken the Dollar’s DXY Index, When Will BTC Price Hit $50K?
Bitcoin price had recovered from the recent price slash that occurred due to the Russia-Ukraine conflict. The price had almost smashed $45,000 but failed to sustain above these levels and is currently...
US dollar index (DXY) prediction ahead of US retail sales data
The US dollar index (DXY) retreated slightly in the overnight session as investors embraced a risk-on sentiment. It is trading at $96, which is about 0.45% below the highest level this week ahead of t...
US dollar index (DXY) analysis after the strong inflation data
The US dollar index (DXY) retreated on Thursday as investors reflected reacted to the latest inflation data. It is trading at $95.60, which is about 1.90% below the highest level this year. US inflati...
DXY: Is it safe to buy the US dollar index after strong NFP data?
The US dollar index (DXY) pair continued its strong performance on Monday morning as focus remained on the latest American jobs data. It is trading at $95.50, which is slightly higher than last week’s...