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U.S. Dollar Index Futures

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What is US dollar index (DXY)? Dollar Index History DXY began in March 1973, shortly after the Bretton Woods system collapsed. Initially, the value of the US Dollar Index was set at 100,000. Since then, the index has peaked at 164.7200 in February 1985 and hit a low of 70,698 on March 16, 2008, and is currently trading at 103.715. The arrangement of the "basket" took place only once, at the beginning of 1999, when the euro included several currencies. The arrangement of the "basket" does not yet include countries with high trade volumes, such as China, Mexico, South Korea and Brazil. On the other hand, although Sweden and Switzerland do not have large trade volumes, they continue to be included in the index. What is the Dollar Index? The US Dollar Index (USDX, DXY) is an indicator of the value of the US Dollar against foreign currencies. It is also referred to as a money basket by US trading partners. The index is designed, maintained, and published by ICE Futures and. It is also registered with the name "U.S Dollar Index". How Is The Dollar Index Calculated? The dollar index is calculated by the weighted geometric average of the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. ✅Euro (EUR)= 57.6% by weight ✅Japanese Yen (JPY) = 13.6 weight ✅British Pound (GBP) = 11.9% by weight ✅Canadian Dollar (CAD) = 9.1% by weight ✅Swedish Krona (SEK) = 4.2% by weight ✅Swiss Franc (CHF) = 3.6% by weight Its formula is: DXY = 50.14348112 × EURUSD -0.576 × USDJPY 0.136 × GBPUSD -0.119 × USDCAD 0.091 × USDSEK 0.042 × USDCHF 0.036 Why Dollar Index Increases? 👉🏻Every move that will strengthen the dollar in the United States, decrease in unemployment, positive employment data, high growth figures 👉🏻The depreciation of the local currencies of the six main countries included in the DXY Why Is The Dollar Index Declining? 👉🏻Data that will cause the dollar to depreciate in the United States, growth figures below expectations, unemployment rates higher than expected 👉🏻Strengthening of the economies of the six main countries in DXY, appreciation of their local currencies DXY is updated as long as the USD market is open. DXY can be traded as a futures contract on the ICE exchange. It is also available in exchange-traded funds (ETFs), options, and mutual funds.
ICEUS:DX1!
by Forexcues
US Dollar Produces Textbook Chart Pattern!The Dollar Index was contained inside an area of consolidation from January 2017 to June 2022 before finally breaking out to the upside above $103. Price had a clean run producing strong bullish candles through to September 2022, moving from $103 to $114. Exhaustion then crept into this asset, causing a decline in price, which was to be expected based on its history of deep pullbacks against the flow of the trend. We are currently seeing a textbook pattern where price breaks out of consolidation and retests the consolidation area. If this unfolds as expected, we should see a bounce from support and a resumption of the prior bullish move. At the time of writing, December’s candle is displaying as an indecision candle, but as we are early in the month, the shape of the candle is likely to change. If price moves up again, we will likely see volatility flow into a number of forex pairs producing opportunities to open positions in this market. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
Bites Of Trading Knowledge For New TOP Traders #18 (short read)Bites Of Trading Knowledge For New TOP Traders #18 ---------------------------------------------------------------- What is the Blockchain? - The Blockchain is a decentralized ledger that is append-only meaning that data can only be added to it. Once information is added, it is extremely difficult to modify or delete it. The Blockchain enforces this by including a pointer to the previous Block in every subsequent Block. The pointer is a Hash of the previous block. Hashing involves passing data through a one-way function to produce a unique Fingerprint of the input. If the input is modified even slightly, the Fingerprint will look completely different. Since the Blocks are linked in a Chain, there is no way for someone to edit an old entry without invalidating the Blocks that follow, allowing a secure structure. What Is a Blockchain Consensus Algorithm? - A consensus algorithm is a mechanism that allows users or machines to coordinate the agreement of what is a valid block in the Blockchain in a distributed setting. It needs to ensure that all participants in the system can agree on a single source of truth. Types of consensus algorithms include Proof of Work (PoW) and Proof of Stake (PoS). What is Proof of Work? - Proof of Work (PoW) is a mechanism for preventing the same bitcoin funds from being spent more than once. Proof of Work consists of a consensus algorithm, which is a protocol that sets out the conditions for what makes a block in the Blockchain valid. It ensures the security and integrity of bitcoin’s distributed ledger. RISKS AND OPPORTUNITIES FOR CORPORATES AND INDIVIDUAL INVESTORS - Common application of financial market instruments for managing risk and opportunities. Hedging Portfolio Risk Hedging bitcoin exposure with the Bakkt ® Bitcoin (USD) Cash Settled Monthly Futures (BMC) contract is a way to manage portfolio risk by taking a directional position opposite to the underlying asset as protection. For example, a hedger may have plans to hedge downward price movement in bitcoin using futures contracts based on in-house market and portfolio analytical processes. The market analysis may use common technical analytical techniques such as support and resistance to formulate the trade decision. If bitcoin is expected to weaken as it nears the resistance area, the hedger may plan to enter into a short futures position using the Bakkt ® Bitcoin (USD) Cash Settled Monthly Futures contract under either price levels of $27,500 or $32,500 to lock in the value of their underlying bitcoin position. Alternatively, if the hedger was in a short bitcoin position and wanted to hedge their position as price rose, entering a long futures position above price levels $12,500 or $16,500 could be considered. TRADDICTIV · Research Team -------- Disclaimer: We do not provide investment advice, nor provide any personalized investment recommendations and/or advice in making a decision to trade. Before you start trading, please make sure you have considered your entire financial situation, including financial commitments and you understand that trading is highly speculative and that you could sustain significant losses.
ICESG:SDX1!Education
by traddictiv
DXY Bearish Below 108.70 Targeting 104.50Technical & Trade View US Dollar Index Futures Trade View Bias: Bullish Above Bearish below 108.50/70 Technicals Primary resistance is 108.50/70 watch for bearish reversal patterns here Primary pattern objective is 104.50 Acceptance below 106 next pattern confirmation Acceptance above 108.70 opens a test of 109.25 20 Day VWAP bearish , 5 Day VWAP bearish Options Expiries for today’s New York cut EUR/USD: 1.0050-55 (1.4BN), 1.0060 (408M), 1.0085 (247M), 1.0280 (853M), 1.0300-10 (1.94BN), 1.0315-20 (344M), 1.0330 (236M), 1.0350-55 (904M), 1.0395-05 (809M), 1.0475 (276M) USD/JPY: 140.00 (900M), 141.25-30 (371M), 141.40-45 (225M), 141.75-85 (873M), 142.00 (491M), 142.50 220M) USD/CHF: 0.9520-30 (395M) GBP/USD: 1.1800 (303M), 1.1850-55 (341M) EUR/GBP: 0.8725 (358M), 0.8750 (315M), 0.8775 (376M), 0.8800 (368M) AUD/USD: 0.6600 (342M), 0.6700 (226M)
ICEUS:DX1!
by Tickmill
Dollar Index trading sideway, breakout will be crucial!Last week the Dollar Index met its measured target of the descending triangle breakout. Bullish bias still remains as the Dollar Index continues to trade above the 200 simple moving average (SMA). To look for entries, let us zoom into the lower time frame in this week's analysis. In the lower time frame, we can see that the Dollar Index is trading in consolidation awaiting for the next direction. Any breakout of the 107.155 resistance region would indicate the continuation of the current trend with the initial target of 109.00 region. Conversely, a downside breakout of the 106.16 region would like go below the major support level at 105.0.
ICEUS:DX1!
by TrainingTrader