DXY and EUR USD are pretty stuck in ranges Societe Generale

Arslan is a finance MBA and also holds an MPhil degree in behavioral finance. An expert in financial analysis and investor psychology, Arslan uses his academic background to bring valuable insights about market sentiment and whether instruments are likely to be overbought or oversold. Today’s BoJ rate hike is a step on the road to normalization, consistent with a less oversold Japanese Yen (JPY). The Dollar Index (DXY) seeing its biggest two-week since August, is consistent with the recent phase of dollar strength losing momentum.

• The DXY Index is often used by traders to monitor the value of the USD in comparison to a basket of select currencies in a single transaction.
• New delayed trade updates are updated on the page as indicated by a “flash”.
• Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.
• Many trading systems utilize moving averages as independent variables and market analysts frequently use moving averages to confirm technical breakouts.
• Friday’s US economic news was mixed for the dollar as manufacturing activity expanded and existing home sales rose, but consumer sentiment weakened.
• The U.S. dollar index had traded between just under 100 and just over 107 since late 2022.

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Investors are closely watching these indicators to assess potential shifts in monetary policy and the what is xtb crypto a complete review broader economic outlook. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The New Highs/Lows widget provides a snapshot of US stocks that have made or matched a new high or low price for a specific time period.

Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer alligator indicator by bill williams (will open in new tab). The US Dollar Index spot price increases when the USD exchange rate strengthens its position in comparison to other currencies. Back in October, US dollar longs were the obvious play when the DXY reclaimed 102.60—a key level I highlighted several times. Whether these levels hold through January remains uncertain.

USD is up against the GBP, down against the rest

• Meanwhile, the U.S. 10-year Treasury yield hovers around 4.62% as investors look ahead to key data releases.
• The U.S. dollar remains steady following recent economic data, with unemployment claims slightly exceeding forecasts at 223K, compared to the expected 221K, indicating resilience in the labor market.
• At the end of 2019, the DXY traded at 96.5, meaning that the US dollar has slightly depreciated versus the basket of currencies since its establishment in 1973.
• The U.S. Dollar Index (DXY) is a measure of the U.S. dollar’s value relative to a basket of six major foreign currencies.
• For example, a price above its moving average is generally considered an upward trend or a buy.
• As long as prices remain above the average there is strength in the market.

At the end of 2019, the DXY traded at 96.5, meaning that the US dollar has slightly depreciated versus the basket of currencies since its establishment in 1973. In svs securities plc has been approved as a member at ngm yesterday’s VIP-only video, I mentioned that the “easy” trades might be behind us, at least for now. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold. The Quote Overview page gives you a snapshot view for a specific index. New delayed trade updates are updated on the page as indicated by a “flash”. Long term indicators fully support a continuation of the trend.

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The turn of the calendar page to December marks the beginning of meteorological winter, bringing with it seasonal changes to some markets. Regardless, the technical picture of Teucrium CORN, SOYB, and WEAT funds grew more interesting heading into 2025. The commodity complex in general took a breather overnight, not overly surprising given recent moves made by many markets. The University of Michigan US Jan consumer sentiment index was revised downward by -2.1 to 71.1, weaker than expectations of no change at 73.2. The US Jan S&P manufacturing PMI rose +0.7 to 50.1, stronger than expectations of 49.8 and the highest level in 7 months.

U.S. Dollar Index Futures Market News and Commentary

All market data (will open in new tab) is provided by Barchart Solutions. Read our MELANIA crypto price prediction for 2025 and beyond, with insights from third-party analysts and market experts. The US Dollar Index was introduced by the US Federal Reserve in 1973 after the dismantling of the Bretton Woods Agreement.

U.S. Dollar Index Futures Market News and Commentary

New Highs/Lows only includes stocks traded on NYSE, NYSE Arca, Nasdaq or OTC-US exchanges with over 5 days of prices, with a last price above $0.25 and below $10,000, and with volume greater than 1000 shares. A few macroeconomic factors have a significant impact on the US Dollar Index price. These include, among others, inflation and deflation in the US dollar and foreign currencies included in the comparable basket, as well as economic growth and recessions in the respective countries. The euro holds the most weight versus the dollar in the index, making up about 57.6 per cent of the weighting, followed by the yen with around 13.6 per cent. As long as the euro stays below these levels on the weekly time frame, I see no reason to adopt a bullish outlook. A bullish breakout above the downward trend suggests buying interest above $1.23459, while failure to hold could drive a sharp selling trend.

Traders should monitor inflation data and Fed policy cues for further direction. A downward trendline breakout suggests the potential for further downside pressure, keeping sentiment cautious as traders monitor economic data and Federal Reserve policy cues. The dollar index (DXY00) Friday fell by -0.53% and posted a 5-week low.