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US Labor Market Rebounds with Strong Job GrowthOn December 6, 2024, the U.S. labor market exhibited a robust recovery, adding 227,000 jobs in November. This significant rebound followed October's modest increase of 36,000 jobs, which had been dampened by hurricanes and a major strike at Boeing. Financial Times Despite the strong job growth, the unemployment rate edged up to 4.2% from the previous month's 4.1%, indicating a slight expansion in the labor force. Wage growth remained solid, with average hourly earnings rising by 0.4% month-over-month and 4% year-over-year, reflecting sustained demand for labor. New York Post Financial markets responded to these developments with measured optimism. The S&P 500 and Nasdaq Composite reached new record highs, while the Dow Jones Industrial Average experienced a slight decline. The U.S. Dollar Index (DXY) increased by 0.25% to 105.9810, indicating a strengthening dollar. Trading Economics The Federal Reserve is closely monitoring these labor market indicators as it approaches its December 17-18 meeting. The solid job growth, coupled with a modest uptick in unemployment, suggests that the labor market is expanding without significant inflationary pressures. This scenario provides the Fed with the flexibility to consider a potential interest rate cut, aiming to support economic growth while keeping inflation in check. Reuters In summary, the latest labor market data portrays a resilient U.S. economy, with strong job creation and controlled wage growth. These factors contribute to a favorable environment for the U.S. dollar, as investors anticipate the Federal Reserve's forthcoming monetary policy decisions.
TVC:DXYLong
by ChartDepth
DXY AND CORRELATIONS i wanted to show you guys what to be aware of and real trades i will be taking on my channel, i do scalp majority of the time i just didn't do it today because of news but i will be looking for scalps as the market settles for next week and wanted to show you a scalp that is my favorite to look for in terms of trading SMC concepts. I wanted to run you through GBP/USD its one of my favorite correlators with dxy there was a definitely set up that i trade 99% of the time unless news in in the way. i still wanted to show you guys because it will be a reoccurring trade here that you will see repeatedly. Let me know if this helps you :)
CAPITALCOM:DXYShort
by SmmxTrader
DXY Position for 12/6 - 12/13/24Hey guys i want to give you guys some insight as I've been trading these concepts for the last two - three years now using these concepts. I don't really care what people think I'm strictly using this a way to show you guys that these concepts work i try not to over complicate it and for two I'm not always right i do get it wrong but will use great risk reward to out weigh my losses. So to start we have High impact news tomorrow, Which is what i will be watching for ideally i want the Short term buy side liquidity to be ran through tomorrow but again I'm going to be watching because it doesn't necessarily need to it can easily dump to buyside imbalance sell side inefficiency without returning to the liquidity on the buy side. I will be waiting before i make a decision if we do get a aggressive move tomorrow towards the upside then i will be waiting for a shift in market structure back down to the liquidity on the sell side again I'm currently neutral until we get more insight for tomorrow but i hope this helps. let me know if this helps you :)
CAPITALCOM:DXY
by SmmxTrader
2
DXY - Make or Break ScenarioSupport has been holding Dollar for past few days and MA200 was touched. High probabilities that Dollar break the trendline and aim for upper levels however a break of support will open lower levels. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
TVC:DXY
by MarketsPOV
DXY - Double Bottom Hints For A ReversalWe previously highlighted that Dollar broke previous support and was heading to below levels. It has tapped below level and now formed a Double Bottom. With the year end profit taking and Trump coming in power next year, we may see a continuous Bull Run. EMA 50 is also nearing a cross above MA 200 which should confirm this move. A break of support will void the double bottom and open lower levels. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
TVC:DXYLong
by MarketsPOV
DXY Is Going Down! Sell! Here is our detailed technical review for DXY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 106.196. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 105.500 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYShort
by SignalProvider
1
DXY (THE DOLLAR INDEX)1. If the Dollar Breaks Out Above Resistance This scenario indicates bullish momentum, meaning the dollar could strengthen further. Implications: Continuation of Uptrend: Breaking resistance often signals strong buying interest or positive sentiment. Next Target: The price may move toward the next resistance level or a new high. Market Sentiment: This could result from strong economic data, higher interest rate expectations, or geopolitical factors favoring the dollar. Traders’ Actions: Enter long (buy) positions after confirming the breakout. Set stop-loss orders just below the breakout level to manage risk. --- 2. If the Dollar Fails to Break Resistance This scenario indicates a potential reversal or consolidation below the resistance level. Implications: Reversal to Downtrend: Failure to break resistance often signals profit-taking or bearish sentiment. Support Retest: The price might fall to test lower support levels. Market Sentiment: This could occur due to weak economic data, dovish central bank policies, or stronger foreign currencies. Traders’ Actions: Consider short (sell) positions if rejection at resistance is confirmed. Monitor for bearish patterns (e.g., double top or bearish engulfing candles). --- Confirmation is Key Volume Analysis: A breakout with high volume is more reliable, while rejection with high selling volume confirms resistance. Economic Data Events: Major announcements like interest rate decisions or employment data can influence the direction. Would you like help with specific dollar pairs or technical analysis?
TVC:DXY
by TRADE_CENTER_1
DXY Is Going Up! Long! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 106.958. Taking into consideration the structure & trend analysis, I believe that the market will reach 109.013 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Rising Global Liquidity: Deflationary Dollar & Rallying EquitiesWhile it's uncommon for the dollar ( TVC:DXY ) and equities (S&P 500) to rise simultaneously, historical instances illustrate that it can occur under specific economic conditions. I think those conditions may be upon us! Historical Examples: 1995: DXY Movement: Strengthening S&P 500 Movement: Rising Context: Strong economic growth and corporate earnings propelled equities higher. 2001-2002: DXY Movement: Strengthening S&P 500 Movement: Rising Context: Economic recovery following the tech bubble burst. 2011: DXY Movement: Strengthening S&P 500 Movement: Rising Context: Safe-haven buying of the dollar amid European debt concerns, while stocks benefited from robust corporate earnings. March 2020: DXY Movement: Strengthening S&P 500 Movement: Rising (post-COVID) Context: Initial flight to safety due to uncertainty, followed by stimulus-driven stock market recovery. Mid-Late 2025 - Crescendo: DXY Movement: Potential strength driven by deflationary AI Pressure cheapening productivity & labor cycles S&P 500 Movement: Rising markets as all assets rally as a result of increased liquidity from stimulus Context: it takes a few months for stimulus to reach assets- the next few *years* might have stimulus coming. Inflate the debt away while the dollar rises? These historical instances suggest that a strengthening dollar *can* coexist with rising equities, particularly in environments characterized by global liquidity increases. Given the chart, we have a convergence of two long term trend lines, first in the ascending channel on the ‘short term’ (1yr candles, in top photo ascending channel). Then for the longer term ‘cup’ trend going back decades (ref bottom RSI momentum dating back to 1980s), *that* might show that we truly are on the cusp of incredible amounts of stimulus. What do you think? Is it possible that the dollar goes higher while we receive trillions in stimulus? Is this the fuel for the ‘everything rally’?
TVC:DXY
by httpz
Dollar Dominates: FED Rate Decision AheadThe US dollar is getting strong again, driven by a resilient US economy and expectations of a "hawkish cut" from the Federal Reserve. Despite talk of a rate cut, the US economy remains strong, with solid consumer spending and a tight labor market. This raises concerns about persistent inflation, suggesting the Fed may be cautious about further easing. Technically, the dollar index (DXY) is staging a convincing rebound, breaking above key resistance and eyeing new highs for 2024. This bullish momentum is likely to continue if the Fed delivers a "hawkish cut" – lowering rates while signaling a cautious stance on future easing. EUR: Grappling with Economic Headwinds The eurozone faces a challenging economic outlook. Slowing growth and persistent inflation create a stagflationary environment that weighs on the euro. The European Central Bank is caught between a rock and a hard place, needing to support the economy while also taming inflation. The EUR/USD pair remains trapped within the 1.0460 – 1.0600 range. A decisive break below this zone, particularly with a close below 1.0400, could signal a significant shift in momentum and the continuation of a downtrend in the medium term. GBP: Battling Stagflation The pound is under pressure due to a confluence of factors. Recent data shows the UK economy contracting, raising fears of a recession. Inflation remains high, adding to the stagflationary pressures. The Bank of England faces a difficult balancing act, needing to support the economy while also keeping inflation in check. GBP/USD is looking vulnerable, with a break below key support at 1.2600 potentially opening the door for further declines. JPY: Waiting for Policy Clarity The Japanese yen remains volatile as markets try to anticipate the Bank of Japan's next move. Will they maintain their ultra-loose monetary policy or finally raise interest rates? The uncertainty is fueling volatility in JPY crosses. USD/JPY has been on a tear, breaking above key resistance levels. A "hawkish hold" from the BoJ, where rates are kept unchanged but the door is left open for future hikes, could fuel further yen weakness. CAD: Exposed After Rate Cut The Canadian dollar is vulnerable after the Bank of Canada's recent rate cut. The move surprised markets and raised concerns about the health of the Canadian economy. USD/CAD has been trending higher, fueled by the divergence in monetary policy between the US and Canada. A break above the 1.4350 resistance level could pave the way for further gains in USD/CAD. *This is a market analysis, not trading advice. Trade responsibly and do your own research.
TVC:DXY
by E8Markets
DXY next possible move🔮🦁🦁🦁 **Patience: The Most Difficult Skill to Master in Trading** 💡 **Want to succeed? Then, learn to wait.** ⏳ Patience is not just a virtue in trading; it’s a powerful weapon. But let’s be honest: it’s also one of the hardest skills to develop. 👉 Yet, once you master it, you’ll already be halfway to success. 🎯 📈 Trading rewards those who know how to wait for the right moment. ❌ Not those who rush. ✔️ But those who remain calm and methodical. So, make patience your ally and see the difference. 🌟
CAPITALCOM:DXYLong
by eLs-Trading
DXY Masterclass: Expert Price Action Strategies UnveiledTVC:DXY AlexGoldHunter Technical Analysis Using Price Action Technique Key Levels and Patterns Resistance Levels: Top Resistance Band (RB): Around 107.500 Lower Resistance Band (RB): Around 106.000 Support Levels: Target Support: Around 105.500 Another Support Target: Around 104.000 Fibonacci Retracement Levels: 0.382: 106.835 0.5: 106.662 0.618: 106.489 0.786: 106.270 Break of Structure (BOS): Multiple BOS points indicating significant changes in price direction. Market Structure Shift (MSS): Points where the market trend changes direction. Equal Highs: Level where the price has reached the same high multiple times near 107.500. Indicators RSI (Relative Strength Index): Levels around 63.82, 57.11, and 40.00 indicating overbought and oversold conditions. MACD (Moving Average Convergence Divergence): Signal lines and histogram showing bullish or bearish momentum. Buy Strategy Entry Point: Look for a bullish reversal pattern near the Fibonacci retracement levels (0.5 or 0.618) around 106.662 or 106.489. Confirmation of a higher low or a bullish candlestick pattern (e.g., hammer, engulfing) near these levels. Stop Loss: Place a stop loss below the recent swing low or below the 0.786 Fibonacci level (106.270). Take Profit: Initial target at the resistance level around 107.500. Further targets can be set at the higher resistance bands around 108.000. Sell Strategy Entry Point: Look for a bearish reversal pattern near the resistance level around 107.500. Confirmation of a lower high or a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near these levels. Stop Loss: Place a stop loss above the recent swing high or above the resistance band around 107.800. Take Profit: Initial target at the support level around 106.000. Further targets can be set at the lower support levels around 105.500 or 104.000. By using these price action techniques, you can identify potential buy and sell opportunities based on key support and resistance levels, trend analysis, and indicator confirmation. Remember to practice good risk management and stay updated with market conditions. Happy trading! 📈📉 Follow @Alexgoldhunter for more strategic ideas and minds
TVC:DXY
by Alexgoldhunter
THE US DOLLAR (DXY) // primary long expansionThe last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
TVC:DXYLong
by TheMarketFlow