DXY:Oil prices recovered after a volatile end to OctoberOil prices rose slightly in Asian trade on Wednesday, the first in five months, as traders priced in lower risk premiums from the Israel-Hamas war and focus now shifted to the Federal Reserve's interest rate decisions. I have recovered from the worst month of .
The market also had mixed data on U.S. oil inventories, showing that while overall inventories increased, gasoline and distillate inventories declined significantly.
Oil prices have fallen sharply in recent trading amid growing expectations that Israel and Hamas will not have a significant impact on Middle East oil flows, especially with no Arab powers in sight. Others are also involved in the conflict.
However, the World Bank has warned that the conflict could continue to affect oil supplies and cause prices to rise. However, the organization also predicts that oil prices will remain depressed until 2024 on the back of slowing global economic growth. Concerns over weak demand in China also weighed on oil markets, following disappointing factory activity data released on Tuesday by the world's biggest oil importer. The figures came after a dire business report in the euro zone, raising concerns about a slowdown in global economic growth.
Dxyshort!!!!!!!!!!!!!
DXY D1 - Short SetupDXY D1
Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks.
Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can then trade off the back of that.
DXY| YESTESDAY'S CANDLE SIGNALS BEARISHDollar index reached double top with in the structure which it may sell of from there as yesterday's daily high candle backs up this scenario. we also could break and resume the rally but either way we are waiting the market to show us where it wants to by impulsing that way followed by a continuation then we would flow the momentum.
DXY - DXY trading trend todayIn a year when the US economy beat all recession forecasts, budget ferocity has nearly doubled, and weak budget guidance has been found to be almost more lethal than interstate budget wars. faction in Washington.
The government decimated $2.02 billion in the fiscal year through September, after adjusting to remove the impact of President Joe Biden's student debt forgiveness program, which was struck down by the Supreme Court. This level is 1.02 USD rate higher than the previous year.
The extent of this increase could lead to financial statements that economists, politicians and agencies have previously warned against credit warnings. That also explains why long-term bond yields are hitting their highest level since 2007, with the government needing to issue more bonds to offset the blip. Yields on 10-year notes exceeded 5% on Monday.
Republican lawmakers have faulted President Biden for out-of-control spending, even though they are so firm on how to handle the budget that they have not yet agreed to elect a new speaker of the House of Representatives. . Meanwhile, spending needs continue to grow, with the White House calling for $106 billion in emergency funding for Israel, Ukraine and the US-Mexico border.
Yet for all the politics of spending, the main source of growing evil in 2023 is actually revenue. Much of the rest is due to the spoils of battle, another force that also causes fierce debate among the zodiac signs.
According to JPMorgan, the fire as a percentage of GDP increase represents the weakest three years since 1950. But fiscal 2023 sees strong economic growth, with more than 3 million people adding jobs jobs at My.
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.)
My confluences for dollar (DXY) shorts are as follows:
- Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish.
- Price entered an 8hr supply zone that has caused this break of structure to the downside.
- Momentum has slowed down (a good sign that price wants to go back down.)
-Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target.
- A few Imbalances have been left below that it must come back and fill.
- Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity.
P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
DXY After filling the gap +QM pattern hi dear trader
dxy can be changed after the gap is filled
and there are QM on 4h time frame ... i expect price correction in this week
QM pattern is the most advanced form of price action, and professional traders use it to forecast the market. You will get many QM pattern
stop loss need for any position
good loock
DXY (dollar)Hello dear traders
I think we are nearing the end of the rising wave... Is it time for correction?
There are 2 scenarios to start price correction with tecnical and fibou extention
and there are many reasons for fundamental : In a recent tweet, Kiyosaki sounded the alarm bells, pointing to a conversation he had during a podcast with journalist Dr. Nomi Prins, who has delivered a simple yet impactful message: "Get money out of banks."
Did a pod cast with Dr. Nomi Prins. She is a Fed insider author of Collusion & her latest book Permanent Distortion. Her message is simple, get money out of banks. She reports FDIC has over 725 banks on watch list. Be wise. Be smart. Stay ahead of crashing banks
— Robert Kiyosaki (@theRealKiyosaki) September 28, 2023
Kiyosaki's concern stems from the alarming Prins' revelation that the FDIC is monitoring over 725 banks, hinting at potential instability within the banking sector.
good luck
DXY - The US dollar index is showing signs of slowing downEconomists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession.
In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle of last year that the probability has fallen below 50%.
He mainly attributes his optimism to three factors. Inflation continues to decline, the Federal Reserve has finished raising interest rates, the job market is strong, and economic growth is well above expectations. The survey was conducted October 6-11 among 65 economists. Doug Porter and Scott Anderson, economists at BMO, say the odds of the U.S. going into recession continue to decline as the banking sector crisis eases and the labor market and incomes recover strongly. Rising real income supported consumption.
Any move for DXY todayGold prices fell on Monday, but reversed after rising safe-haven demand led to a series of strong gains in the yellow metal as attention remained focused on the potential impact of the crisis. War between Israel and Hamas.
The yellow metal saw some profit-taking after rising more than 5% last week as the outbreak of the Israel-Hamas war sent investors to safe havens.
Markets are now focused on whether the conflict between Israel and Hamas will spread to the Middle East as Israel prepares for a ground offensive in the Gaza Strip.
Prospects of rising US interest rates limit gold's appeal
Better-than-expected U.S. inflation data released last week signaled continued tightening by the Federal Reserve, and interest rates are likely to remain high for an extended period of time.
This view has weighed heavily on gold prices over the past year, and with US interest rates remaining high, any significant price gains for the yellow metal are likely to be limited.
Gold has seen some significant gains due to demand as a safe-haven asset, but primarily the dollar has remained the safe-haven asset of choice. Capital inflows into the dollar pushed it near a 10-month high last week.
Rising interest rates are bad for gold because they increase the opportunity cost of investing in the yellow metal. This thinking has capped the yellow metal's strong rally, even as deteriorating global economic conditions have increased demand for safe-haven assets.
How is the USD when the Middle East is"on the edge of the abyss"At least 30 US citizens died in the Israeli-Palestinian conflict
According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing intelligence and deploying experts from across the U.S. government to advise Israeli government regarding hostage rescue efforts."
The US expressed concern about the risk of war between Israel and Hamas spreading to the region and the possibility of Iran directly participating in the conflict.
Iran, a power in the Middle East, has provided much support to Hamas. Iran also supports Hezbollah, an armed Muslim force in Lebanon that is threatening to open a "second front" targeting Israel.
US Defense Secretary Lloyd Austin on October 14 announced the deployment of a second aircraft carrier "to prevent hostile actions against Israel or any attempt to expand this war after the attack by Hamas." ".
The Iranian delegation to the United Nations on the same day warned that the Hamas-Israel conflict would escalate beyond control and "cause far-reaching consequences".
⚠️DXY will Go Down again⏰(15-Min)⏰⚠️DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡.
According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect the DXY Index to trend lower in the coming hours and at least go down to the 🟢 Support zone($106.330_$106.160) 🟢.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
The dollar suddenly increased after favorable news for America'sThe Fed has raised interest rates 11 times since March 2022, but inflation remains well above target and U.S. central bank officials are taking more aggressive action than in the past. This is thought to be due to a lack of monetary policy adjustment.
When Federal Reserve officials say their long-term inflation target is 2%, they are referring to the percentage growth in the Core Personal Consumption Expenditures Price Index (Core PCE) compared to the same period last year.
The more popular and often cited inflation figure is the year-over-year growth rate of the Consumer Price Index (CPI).
In fact, from May 2023 to the present, the six-month Treasury yield has been consistently above 5.3% and even above 5.5%. Additionally, approximately $1 trillion has been withdrawn from the reverse repo facility since May.
In other words, the U.S. federal government is pumping trillions of dollars previously siphoned out of the financial system by the Fed back into the economy through bonds with attractive yields.
The higher the yield, the more money flows into the financial system. This is one of the strange phenomena in the fight against inflation. The clearest evidence is that M2 money supply fell to a two-year low in April 2023, then stopped declining and even increased slightly in the following four months. Without a reduction in the money supply, it will be difficult to reduce inflation. The Fed tried to tighten monetary policy by raising interest rates and withdrawing money, while the U.S. government increased debt and injected more money into the economy to cover budget deficits. No matter how strong your hands are, you cannot clap loudly. No matter how hard the Fed tries, it will be difficult to control inflation if monetary policy runs counter to monetary policy.
The dollar fell before the US released inflation dataThe US dollar fell in early European trading on Thursday, hovering near a two-week low ahead of the release of key US inflation data.
At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377, just above its lowest level in day, the weakest level in two weeks.
DXY still shows no signs of breaking out of the trendlineThere has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates.
Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in recent months could prompt the Fed to hold off on raising interest rates. Waller said on October 11 that higher market interest rates could help the Fed control inflation and allow policymakers to consider whether further rate hikes are necessary.
"Overall, the minutes indicate that Fed officials are increasingly concerned about recession risks to the U.S. economy," said Carl Schamotta, chief market strategist at Kopay in Toronto.
The recent weakness in the US dollar is due to a decline in US Treasury yields, with bond prices rising due to the Fed's "loose" stance on future interest rate hikes. Investors are now awaiting the release of the main inflation report today, October 12th, for further guidance on the future direction of interest rates. Additionally, the market is closely monitoring the conflict between Israel and the Islamic organization Hamas.
Conversely, the euro rose to $1.0634, its highest level since September 25th. Meanwhile, the pound rose to a three-week high of $1.2337.
Dutch central bank board member Klaas Nott said on October 11 that the ECB has made "important progress" in bringing inflation down to its target level, but there is still a long way to go and rules out the possibility of inflation rising. He said he could not. Interest rates may rise further in the future.
DXY NEW WEEKLY LEVEL In the last analysis, we expected 108 final peak, but also below the level of 106,200 is bearish. With what we see now, we got a new weekly level and currently higher probabilities show that we are going into a correction.
Things to watch eurusd and spx primarily.
Closing above this level cancels this setup.
You can check below my opinion about DXY
DXY Index will Go Down to 🟢Heavy Support zone🟢(1-Hour)⏰✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢.
💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰.
🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal Zone(PRZ) 🟡.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY : Here's what you need to know to start your week.DXY
New forecast
The US dollar index faces the risk of ending its 12-week upward streak, with a possible decline to 104.19.
Factors contributing to the dollar's strength include Fed hawkishness, recession fears in the Eurozone, and weak data from Asia
US inflation data could provide more clarity on the future path of interest rates following Friday's strong jobs report, while minutes from the Federal Reserve's latest meeting on Wednesday will also be looked at closely. Meanwhile, the third quarter earnings season begins and energy prices remain in focus. Here's what you need to know to start your week.
Inflation data
The US will release what markets have been waiting for September CPI data this week as investors continue to evaluate the Fed's rate hikes for "a longer period".
The August CPI report showed the fastest increase in 14 months as the cost of gasoline rose, although core inflation, which excludes food and fuel costs, rose at its slowest pace in nearly two years.
Jobs data on Friday showed a larger-than-expected rise in non-farm payrolls last month as wage growth slowed, suggesting that monetary policy may remain tight for some time.
Federal Reserve meeting minutes
The US central bank is set to publish minutes from its September meeting on Wednesday as market watchers look for clues on whether policymakers are leaning toward another interest rate hike before the end of the year.
Beginning of third quarter earnings
The third-quarter earnings season begins with reports from several major banks as Wall Street investors look for a catalyst to revive stocks in the face of rising bond yields.
⭕️This week’s data
⭕️Monday and Tuesday no data
⭕️Important data on Wednesday: American inflation for consumers and producers
Technical abstract :
The index of Dollar witnessed negative performance in trading before the closing of the last sessions of the week,
on the 4H time frame
The price trade in the bullish channel for a long time and now trade at the bottom of channel and above the support zone 105.22 - 105.61,so we have to wait until get out of the channel and breach the support zone then we will sell .
therefore the downward trend scenario will be remain valid and effective when the price breach that level we mentioned above and will try to reach 104.01 as a next negative target ,taking into account that as long as price trade above 105.61 the price will try to be continue at the bullish trend .
On the weekly time frame
As we see the price closed weekly bearish candle and that is first bearish candle since 3 month , the price pullback from that zone strongly so we expect the bearish tendency will be on control during the next week .
support line : 105.61 , 105.22
resistance line : 106.55 , 107.51
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