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US Dollar short-term price outlook: six-days down into support

The USD post-Fed plunge is threatening exhaustion as a six-day sell-off approaches key technical support. Levels that matter on the DXY short-term technical charts.

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March 23, 2023 01:40 PM
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US Dollar technical forecast: USD major support test ahead of Fed

US Dollar plunged more than 2.7% off the yearly high with the index testing a key support pivot ahead of the Fed. Levels that matter on the DXY weekly technical chart.

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March 21, 2023 12:01 PM
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US Dollar technical forecast: USD bulls eye resistance

The US Dollar Index marked a fourth consecutive weekly advance with the rally now a critical resistance zone. The levels that matter on the DXY weekly technical chart.

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February 24, 2023 03:14 PM

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US Core PCE comes in stronger than expected; US Dollar bid

With the US Core PCE for January hotter than expected, the US Dollar is continuing its recent rise.

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February 24, 2023 11:08 AM
Currency prices

The dollar remains supreme amidst hawkish Fed speak

Talk of a 50bp Fed hike in March saw the dollar extend its lead late in the US session, and maintain its trajectory during Asian trade.

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February 17, 2023 12:38 AM
downtrend chart

US CPI hotter than expected, but still lower than December

With the next FOMC meeting not until March 22nd, the Fed will have plenty more inflation data to look at.

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February 14, 2023 10:45 AM
Research

Markets in holding pattern as traders eye US CPI

…once again the focus is going to be on inflation and central bank speech.

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February 13, 2023 08:35 AM
Research

The dollar rally loses steam, US economic data picks up pace

US economic data has outperformed expectations at an increasing rate, according to the City Economic Surprise Index (CESI)

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February 7, 2023 11:49 PM
Research

Dollar extends rally

That surprise 500-thousand-plus job gains we saw on Friday means the market may gravitate towards “higher for longer” narrative

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February 6, 2023 07:00 AM
Federal reserve building close-up

FOMC hikes 25bps, as expected. More rate hikes to come?

Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on

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February 1, 2023 04:21 PM
downtrend chart

Philly Fed better than expected, but still negative

If the data continues to be worse than expected, will the US Dollar continue to be uninfluenced by it?

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January 19, 2023 12:33 PM
Yen, Euros and dollar currency bills and notes

US Dollar Fake out?

USD/CHF has a strong correlation with the DXY. Therefore, if one wishes to trade a currency pair rather then the US Dollar Index, USD/CHF could be a good choice!

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January 9, 2023 04:06 PM
"Newspaper snippet of jobs board"

Average Hourly Earnings steals thunder in NFP jobs data

Markets are focusing on the Average Hourly Earnings data for December, which was lower than expected. But will the Fed see it as dovish as the markets?

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January 6, 2023 11:13 AM
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FOMC Minutes: Inflation is still main risk

Despite the hawkishness of the FOMC Minutes, the US Dollar barely budged while stock markets sold off

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January 4, 2023 03:32 PM
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US Dollar starts the new year off with a bang!

As long as the strong correlation holds between the DXY and USD/CHF, if the DXY continues higher, USD/CHF should move higher with it.

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January 3, 2023 03:39 PM
Gold nuggets

What’s next for the highly correlated assets of Gold and DXY?

As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY.

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December 1, 2022 03:28 PM
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November 30, 2022 04:01 PM

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Yen, Euros and dollar currency bills and notes

FOMC Minutes show Fed hiking rates at a slower pace

Based on today’s FOMC Minutes it appears that the Fed wants to hike rates at a slower pace in December than it did in November.

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November 23, 2022 03:41 PM
Research

USD to regain strength after hawkish Fed comments?

The dollar caught a bid following hawkish comments from two Fed members late in the US session, which leaves the potential for a follow-through today.

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November 17, 2022 11:49 PM
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Philly Fed continues to fall; US Dollar doesn’t seem concerned

US Dollar bears may be looking for higher levels to sell, while EUR/USD bulls may be looking for better levels to buy.

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November 17, 2022 12:32 PM
Board of currencies

USD/PLN continues lower as nerves settle down

Once it was discovered that the missiles were from Ukraine anti-defense, USD/PLN quickly returned to prior levels.

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November 16, 2022 04:42 PM
Research

Will US inflation be the next ‘hot beat’ on the dance floor?

Hopes are high that we’ll see core CPI data for the US soften slightly, but with the weaker dollar holding above key support it leaves room for gains with a slight ‘beat’.

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November 9, 2022 08:00 PM
Gold trading

Gold shines bright amid the US Dollar and crypto sell off

Will Gold continue to move higher? It may depend on the selloff in the US Dollar.

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November 9, 2022 11:23 AM