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Dollar-index

Gold Ideas? Behind the mainstream thoughtHi everyone!! I just want to share my thoughts about what s happening, while i'm seeing everybody just posting the technical analysis of gold, but no one is building a theory based on correlations. We all know that US Dollar moves exactly in the inverse way of the gold. (The gold moves also even in a invese way to the US10YearsTBOND) Ok, that s clear. Now recap of the situation: did you notice those three tops DXY reached till mid january? Do you know about the 1,9 Trillion dollars stimulus that s coming? Never heard about the word: inflation? Well, in my opinion, connecting those simples points we have a clear idea of what is happening. AGAINST DOLLAR - US Dollar tried 3 times to go up FAILING, creating a possible DOWNTREND pattern. - Also EUR/USD failed 3 times going down, opening for a strong scenario above 1,21 (representing the 57% of the DXY this move would weight) - The 1,9 trillion stimulus is coming and the inflation just started, two more steps for a WEAKER dollar. SUPPORTING THE GOLD - Gold is always, and always will be the shelter asset, banks buy it every damned month, do you know in the last year (due to the rebound from coronavirus) banks bought something like 60% less gold than usually? This means it was underbought (DO YOU BELIVE IT?) - The great affluence of retail traders during this year led the volatily to be really high so i wouldn t watch at the exactly point on technical analysis, as i see a support at 1760. - Many analysts said that gold is underrated and it would cost more than 2100 dollar over the year. - Jelwery markets bought at least 50% less gold than other years (SO AGAINST IT WAS UNDERBOUGHT...INCREDIBLE) - Inflation is coming so Raw Materials benefits from this because of the USD at the denominator - Inflation is coming and Gold strongly benefits from this (historically) as a shelter against dollar weakness TO THINK ABOUT -Well then, just go back and take a look to the past: 2008 was an year of crisis, then gold moved upward till 2011. - 2020 was an year of crisis --> suggestions? :) I hope my analysis was clear, anyway of course this is just my vision of the thing. Hope to have some constructive comment below to have a good talk about this, tell me what you think folks!!
TVC:GOLDLong
by OVER-THE-COUNTER
USDCHF H4 - Long Trade SetupUSDCHF H4 Starting the week with pairs carried forward from last week, if it's not broken, don't fix it! 0.89030 was test earlier on this morning, eyes peeled for that 0.89 test again now we have a little better market volume and a good stint ahead of us. USDCHF pulled up last week towards the latter part of the week, but then pulled back downside off the back of the worse than expected Michigan Consumer Sentiment Index figures. We also fought off worse than expected inflation data on the Wednesday too, yet we are still sitting on our S/R and 0.89 handle. Looking for potential longs again this week.
Long
by Trade_Simple_FX
A game of two halves for the Dollar, and by default its peers...A game of two halves for the Dollar, and by default its peers in major circles and beyond. However, the turning point or catalyst seemed to come via the resurgence in Bitcoin after reports that Tesla has invested Usd 1.5 bn in the crypto currency. Indeed, BTC and others spiked with the former almost reaching Usd 44.9k before topping out around the same time that the DXY tailed off at 91.288 and pulled back to a minor new 90.897 low. Moreover, the Greenback lost a degree of traction from Treasury yields as 10 year notes and long bonds failed to extend through 1.20% and 2% respectively.
TVC:DXYLong
by FTUKcom
10
DOLLAR INDEX - Remains IndecisiveThere is nothing more important to a trader than a good prediction of the dollar's performance. At this stage and since mid-November last year, the dollar index has been going sideways. It landed on our calculated support but failed to find either a good rebound or a break through to dip lower. At this point it's important to understand what the dollar index is.: 'The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.' So, we have a dollar going sideways against the rest of the fiat currencies. At the same time we have a stagnation (no great movements) in the price of Gold, whereas now Bitcoin is also sideways, correcting and flirting with 35k+ in a hard-to predict manner. In other words fellows: when the dollar finally moves and oicks a direction, our trading will be easier. For the time being it's a cloudy and difficult time to trade so one must be able to hedge, diversify and take profits relatively early. Not a great time for swing trades, scalping seems to have better chances at this moment and it is key for a trader to be able to adjust based on changing market conditions. When can the dollar find direction? Well, either data or other fundamentals. Keep your eyes and ears open, things can change in a day, an hour , a single minute.
TVC:DXY
by FX_Professor
1
The Buck was already losing altitude before the return of US...The Buck was already losing altitude before the return of US markets from their long MLK junior holiday weekend, but the pull-back has continued through 90.500 in DXY terms to 90.401 vs 90.768 at one stage and from within a whisker of 91.000 yesterday, assessing US Treasury Secretary nominee Yellen’s confirmation Q&A where she is expounding the virtues of a market-determined level for the Dollar, as widely anticipated. Possible upside heading into tomorrows session...
TVC:DXYLong
by FTUKcom
7
The Dollar remains on track to record net and widespread gains..The Dollar remains on track to record net and widespread gains, but it’s been far from one-way traffic or straight forward as the DXY has whip-sawed within a 90.762-89.922 range through mostly disappointing US data, mainly dovish Fed rhetoric and President-elect Biden’s fiscal stimulus plan that was pretty much as expected. Meanwhile, broad risk sentiment has turned more selective in terms of stock indices and sectors as reflation positioning continues before the dawn of a Democratic Congress, and Treasury yields have also reflected the prospect of increased issuance to fund a bigger budget deficit via deeper bear-steepening until a retracement after auctions and a concerted effort from the Fed, including chair Powell to avert a taper tantrum. On the COVID front, the spread in the US and elsewhere is still accelerating to record levels of infections and fatalities in some domains, but markets (and society in general) are looking beyond the resurgence towards light at the end of the tunnel as authorities attempt to catch up by speeding up the pace of vaccinations. However, Friday’s Greenback appreciation has been forged from renewed safe-haven demand as equities retreat further from early 2021 and/or all time highs on a mixture of doubts about the aforementioned relief bill getting approval in its current guise and whether vaccines are effective against the new pandemic strains, not to mention reports that Pfizer may miss some drug delivery targets over the coming weeks.
TVC:DXY
by FTUKcom
4
🤔Dollar rising and Gold rising (as expected!)😉Our updated Dollar chart. Close to major resistance again. Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short: no inflation, dollar is doomed...what happens to gold then? it goes UP high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in times when inflation remains high over a longer period, gold becomes a tool to hedge against inflationary conditions. This pushes gold prices higher in the inflationary period. So Gold up again 🔝 Weird yes? Not really, it's the times we live in, the times are weird more than the prices. An it will be a crazy year. ps. CIP (inflation) data came out exactly as forecasted, no major news on inflation today. I had prognosed that Gold will rise together with dollar just 3 days ago. ask me privately and I will show you ) ps2. Dollar rising and Gold rising...what happens if dollar drops next?? Take a wild guess guys
TVC:DXYLong
by FX_Professor
3
It’s too early to call time on the Greenback revival...It’s too early to call time on the Greenback revival, but Tuesday is shaping up to be one of those testing, if not make or break sessions as buyers continue to draw encouragement from rising yields and sellers seem more inclined to trade along risk appetite and aversion lines. To recap, the Dollar extended recovery gains broadly yesterday to the point where the DXY reached a high of 90.730 before fading when US stocks pared some losses, and the index has subsequently pulled back further within a 90.620-302 band ahead of more Fed orators and the Discount Rate minutes, NFIB sentiment, weekly Redbook sales, JOLTS and Usd 38 bn 10 year supply that could all have a bearing on direction. Tricky trading times at the moment with the dollar.
TVC:DXY
by FTUKcom
16
DXY Threatens to Cross Above 90.715 With Further UpsideSignposts detailed key signals on chart. DXY continues to trend higher along with a recent surge in 10-year Treasury yields. 90.715 is another key level that DXY is threatening to breach above. We saw a recent test of the 90.715 level, which we was not followed by a strong reversal. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
TVC:DXYLong
by FinancialGamblR
The Dollar remains in recovery mode, with the DXY temporarily...The Dollar remains in recovery mode, with the DXY temporarily rebounding from sub-89.500 lows, albeit in somewhat quieter and more measured fashion compared to Wednesday’s frantic price action awaiting confirmation of the Georgia run-off results and certification of Electoral College votes that was derailed by the siege on Capitol Hill before resuming to seal victory for President-in-waiting Biden. For the record, FOMC minutes were largely taken in stride, but upcoming IJC, trade and non-manufacturing ISM releases could be more market moving either side of comments from Fed’s Harker and Evans. Meanwhile, after extending losses on the Blue banner of fiscal and deficit excesses among other bearish factors, the Buck seems to have gleaned a degree of traction from the ongoing ramp up in US Treasury yields as 10 year cash inches further above 1% and the index hovers near the top of a 89.943-294 band.
TVC:DXYShort
by FTUKcom
3
What about the DXY? Potential Retracement + ImpulseGood morning traders, today we bring you our analysis on the DXY index, along with an analysis of the potential behavior based on the short and long term zones. 🔸For most of 2020, the price was in a downtrend after bouncing off the Resistance Zone. 🔸The movement was so strong that it managed to penetrate the Bullish Channel that had been active for almost 10 years to the downside. 🔸At this time, the price is approaching the Support Zone, where we will most likely see a reaction/consolidation for a few days/weeks. 🔸If the price does not make a strong reversal, we may see a breakout to the downside of this correction. 🔸In case this happens, the next support area is around $80, which would imply an interesting price drop.
TVC:DXYShort
by ThinkingAntsOk
1
Bearish sentiment remains overall for the index...Prior chart: The Dollar and index by default, if not quite design, have maintained recovery momentum, as the latter holds above 90.500 and Monday’s new y-t-d/multi-year low (90.419), albeit still unable to reach 91.000 and fading just below yesterday’s high, at 90.824 vs 90.907. Markets are somewhat caught and indecisive on the upbeat vaccine developments fostering optimism that the worst of the coronavirus and contagion may be over, but cautious about the fall-out from latest lockdowns and restrictions that are being tightened in some places due to new strains of COVID-19. Moreover, this week’s major risk events lie ahead and will vie with early positioning for month, quarter and year end, while stocks also have quad-witching to contend with. Bearish sentiment remains overall for the index.
TVC:DXYShort
by FTUKcom
6
DXY(Dollar INDEX) Support is not yet reached! Analysis! Hello, Traders! DXY, The Dollar Index keeps falling It takes looking at the 1D timeframe to see the next support level 89-88 Till then, we might see some pullbacks, but the first real support is there So looking at the chart, it seems like the dollar will keep falling Before it reaches this support, and only then will reverse and go UP Buy from support 89-88! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:DXYLong
by TopTradingSignals
1
DXY 92.00 completed...The dollar is softer and continued its downside with month end approaching. Citi quant's month-end rebalancing model points to dollar selling on Monday, with the signal to sell exceeding 1.5 standard deviations in all crosses except JPY, the bank said. The latest Fed minutes had no impact on the greenback, although some kind of action seems likely in December; what exact action will be taken remains to be seen, given the minutes had something for everyone. Before:
TVC:DXYShort
by FTUKcom
Dollar index stalls at the 92.2 levelNo directional bias at this point, but how it plays around this level may hint at momentum plays on the major pairs for the weak ahead. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
TVC:DXY
by FinancialGamblR