In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial...
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and Corrective Waves " ab " at Daily Demand Zone or Fibonacci Level - 61.80%. It has completed the Retracement for Break of Structure. Bullish Channel in Short Time Frame Entry Precaution : Wait until Resistance React as Support
Investors sold the dollar late last week at the fastest pace in a year, hoping for lower interest rates next year after the Federal Reserve ends its policy rate cut. significantly raise interest rates. State Street, one of the world's largest asset managers, said the asset manager was prepared to sell 1.6% of its dollar positions this month, the largest monthly...
The Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session. The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of...
Pair : DXY Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 12 " Impulsive Waves and its " 3rd " Impulsive Wave will be Completed at Daily Demand Zone or Fibonacci Level - 61.80% Entry Precautions : Wait for the Proper Rejection
Last night I was bullish on DXY. Tonight I’m looking to see it continue building bullish price action after sweeping internal liquidity.
Pair : DXY INDEX Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves will be Completed at Fibonacci Level - 50.00% / 61.80%. It has completed the Break of Structure and Retracement at Daily Demand Zone Entry Precautions : Wait for the Proper Rejection
My bias for the dollar is bullish, as I am expecting a major pull back from this key level of demand that we have marked out on the daily time frame. As you can tell by the price action, bearish pressure is now getting exhausted so, we will be looking out for a wyckoff accumulation on the lower time frame to give us more confluence that this move will take place....
DXY confirmed its breakout from the bull channel to the downside and is currently showing some minor support at the 200EMA. I would expect the price gap from here to the 9EMA at 105.000 to close followed by another leg down. We have to be careful to not get caught in a 2 legged trap, which is also a possible outcome at this level. How do we trade this? Wait...
Inflation released this week is expected a difference of 0.1 and 0.2. The written analysis over past months was correct and here's why. Since Inflation highs in June 2022 at 9.1 and 15 months later to current 3.7, each Inflation release averaged 0.36. The actual drop for each Inflation release was 0.1 and 0.2 and failed to meet or exceed the 0.36 average. The...
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave at Fibonacci Level - 38.20%. Bearish Channel as an Corrective Pattern in Short Time Frame with the Rejection from the Upper Trend Line it will reach Lower Trend Line / Demand Zone to complete its " z " Wave Entry Precautions : Wait for the Breakout / Rejection
After the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar. After the Federal Open Market Committee (FOMC) meeting, markets tilted toward a cautious interpretation of Powell's remarks,...
Pair : DXY Index Description : Completed Impulse and HH - HL , Rising Wedge as an Corrective Pattern for Trend Reversal it will Follow LL - LH until it completed the Retracement for the Wedge and Break of structure. Demand Zone at Fibonacci Level 38.20% can React as strong Support Entry Precaution : Wait until it Rejects with Strong Price Action
DXY has been rejected at the bull channel support, falling to 105.000 before closing last week. There is now a gap to the 200EMA, which given the rejection bar, seems like a probable target if you're already short. I would caution going full-on short just yet until we close below the 200EMA. If we get a bounce at the 200EMA, I would consider a long back up to the...
This morning, the USD on the world market dropped sharply in the international payment basket. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, reversed and fell 0.69% stronger than the previous session, to 106,150 points.
The US economy is resilient, as evidenced by new data released on October 31. This is the most recent indication that the US Federal Reserve (Fed) can sustain high interest rates for an extended length of time. As a result, given the substantial rise in wages during the third quarter, US labor costs rose dramatically. After increasing by 1.0% between April and...
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!