US Dollar Index Cash forum
DXY Opening gap / daily ifvg as key levels. anticipating lower towards the weekly fvg below. bullish t - notes / bearish yields support this idea
DXY usd worst currency.
GBPUSD 
BXY DXY A UK unemployment rate of 4.4% (higher than the expected 4.3%) is bearish for GBP/USD, as it signals a softening labor market.If average earnings (wage growth) are still strong, it could partially offset the bearish sentiment as it keeps inflationary pressures alive.
If both wage growth and employment numbers disappoint alongside the higher unemployment rate, GBP/USD is likely to see more downside.
GBPUSD DXY BXY Today’s UK unemployment data could lead to a bearish or bullish movement in GBP/USD depending on the actual results compared to expectations:1. Bullish Scenario for GBP:
• If the Unemployment Rate is lower than the expected 4.3% or employment figures (Employment Change) are stronger than anticipated, it signals a healthier labor market.
• Higher-than-expected Average Earnings growth (above 5.4% excluding bonus) could add to inflationary pressures, raising the likelihood of tighter monetary policy from the Bank of England (BoE).
• These factors could push GBP/USD higher.
2. Bearish Scenario for GBP:
• If the Unemployment Rate is higher than 4.3% or Employment Change disappoints significantly, it indicates a weakening labor market.
• If Average Earnings growth is slower than expected, it could reduce the BoE’s incentive to tighten monetary policy further, weighing on GBP.
• These factors might lead to a sell-off in GBP, causing GBP/USD to drop
Likely Outcome:
• Slightly bearish bias: The UK’s economic growth has shown signs of slowing recently, and if wage growth or employment data disappoints, GBP/USD could face selling pressure.
• Potentially bullish surprises: If the labor market data significantly beats expectations, GBP/USD could rally
USDCAD For those that want continued growth - I ask how strong are you expecting DXY to grow. Understanding yes this is just a chart, that has consequences in reality. Open a daily and zoom out, what does new all time highs to the moon mean for the world? You must come to a logical conclusion as to the ramifications on a move like that. Does it then make sense?
DXY Dollar 💵 will fly watch 🚀!!