DXY recently had its massive rally to the UPSIDE which imo is a CORRECTIVE MOVE. We are expecting DXY to make its first LEG down this week or have its FULL DROP next week.
How does this information about US DOLLAR help?
IF USD goes DOWN, xxxUSD rallies UP. It is important you understand the US DOLLAR before engaging in any xxxUISD pair.
How do we FRAME the...
📈 Trading Alert: High Impact News Incoming!
🕣 Time: 08:30 NY Time
📰 Event: Core PPI m/m and PPI m/m Release
Today marks a pivotal moment in the market as we await the release of Core PPI m/m and PPI m/m data. These indicators shed light on the change in the price of finished goods and services sold by producers, excluding food and energy.
Based on...
High impact news will be released soon at 08:30 concerning Core Retail Sales m/m, Unemployment Claims just to name a few. I am anticipating an overall bullish draw to continue the dollars Long term bullish narrative.
Price is currently in a Daily FVG , there is a likelihood that price could expand higher within this level in which price is currently trading...
Dollar pushed higher on CPI news, expectations are for a pullback lower. High probability price will drop from this level without touching 105.00 Targets below 104.200. Use proper risk management.
It is expected that the current correction trend will fluctuate in the specified support ranges and after the completion of the correction pattern, we will see the beginning of the upward trend.
If the index crosses the red support zone, the downward trend is likely to continue
Global trade war looms, but tariffs are not necessary the best weapon for that war.
Prepare for the looming prospect of a trade war, set to unfold on a global scale. Tariffs are poised to become the primary weapon in this economic conflict, necessitating a clear understanding of their implications.
Donald Trump's potential return to office is a significant...
Following today’s US data releases, the dollar index has now reached the top of a key support area between 104.00 to 104.27. This area converges with the high from December and point of origin of this week's breakout. The DXY will need to stay above this pivotal area to maintain its bullish bias. Failure to do so would be a bearish outlook, particular when you...
Finally, we have had a couple of February regional manufacturing indices – from the New York and Philadelphia Fed regions. Both bounced back after recent weakness, but the implication nationally is probably minimal. This is a volatile series and had painted a much bleaker picture than the national ISM index reported in January – it rose to a 15M high. But that...
In terms of the path for consumer spending, we are a little nervous that pandemic-era accrued savings will provide less support this year as they are increasingly exhausted by households while consumer credit growth is slowing sharply as higher auto loan and credit card interest rates bite. This means the spending growth will have to be driven by incomes and if...
January’s US retail sales report looks soft, falling 0.8% month-on-month versus the 0.2% drop expected while December's growth rate was revised down to +0.4% MoM from +0.6%. The 'control group', which excludes volatile items such as autos, food service, gasoline and building supplies, has a better correlation with broader consumer spending trends – remember retail...
January retail sales and manufacturing output were quite a lot weaker than expected, but we are coming off strong levels after upside surprises in late 2023. The outlook remains one of a slowing growth story as high borrowing costs, tight credit conditions and reduced support from pandemic-era accrued savings create a more challenging environment
this is same idea but with the fork i mentioned last post. everything the same as what i already stated , this is a nice confluence to help the idea for sell into the buy.
The US dollar will continue to rise with decisions that overshadow the interest rate reduction expectation until the US dollar announces its decision to reduce interest rates.
The American government stands at a critical point between crisis and growth. Even though it is reaching a crisis point in terms of debt and the course of the world, it is trying to keep...
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 104.241.
Taking into consideration the structure & trend analysis, I believe that the market will reach 105.411 level soon.
P.S
Please, note that an...
