Introduction The U.S. Dollar Index (DXY) continues its slide, slipping further below the 97.80–98.50 support zone. With the RSI sustaining below 50 and moving averages trending down, the USD is under growing pressure as macroeconomic and geopolitical currents erode demand for the greenback. Technical Breakdown Metric Information Price 97.18 Key Breakdown Below ~98.00 support zone Read More…
Introduction The Dollar has been surging for the past few sessions, posting five straight green candles. Without looking at any fundamentals in today’s overview, lets dive straight into the technicals and see what we can find. Technical Analysis The Dollar is overextended in the short term with the RSI in overbought territory. Price has also Read More…
Recap The last time we looked at the US Dollar (DXY), we noticed the strong price action and bullish up trend. Before we look at the new developments in the Dollar, let’s understand what it means for us as traders and investors. A stronger Dollar typically has an inverse relationship with gold, crude oil, and Read More…
The US Dollar has rallied 18% this year due to an aggressive interest rate policy. Correlation between the Dollar and the Equities Futures markets. Technical Analysis on the US Dollar. Dollar Likely To to Remain Stronger The US Dollar has rallied this year by more than 18% due to the aggressive policy outlined by the Read More…
Rising US yields weigh on the JPY/USD futures. The Bank of Japan maintains its dovish policy, further igniting the bears. US PMIs, durable goods data, and Fedspeak are the key focus for the market participants. Futures prices for JPY/USD (6J1) remain strongly influenced by US Treasury yields. However, we anticipate that the pair will gain Read More…
While some people think the 2020 sudden fall in the relative value of the dollar will boost the economy of the US, some analysts worry that it may affect the global standing of the dollar. Although the two views reflect essential realities, none of them captures exactly the complete story. A USD fall of roughly Read More…
