US dollar index technical analysis On the daily chart, the US dollar index has declined to the lowest level since March. It is trading below the 50-day and 100-day exponential moving averages while the RSI has moved to the oversold level. Also, the index is below the 61.8% Fibonacci r...
Source: Bloomberg. Euro US Dollar Exchange Rate (EURUSD Index) and Sterling and US Dollar Exchange Rate (GBPUSD Index). Daily data as of 1/8/2024. Past performance is no guarantee of future results. On the other hand, the Bank of Japan has indicated that it is ending yield curve contro...
Looking at the trend of technology, the US dollar index has fallen below the technical support 81.80 and the previous low point 80 last week. The index has been below the 60 week EMA, and the medium-term trend has weakened. The K-line chart shows that the head and shoulders top type w...
dollar would start to rise in value as the Fed would be printing fewer new dollars and actually eliminating all new paper money printing by the end of 2014. But the opposite has happened. Below, I present the chart of the U.S....
Thus as with crude oil, the US$ Index has traced out alarge triangle. This suggests that the US$ would rise, if the Fed stopped trying to push it down. Importantly also, the chart shows a strong move upwards is again underway. This is probably also connected with agrowing se...
US Dollar Index News Gold aims for $1821 and $1825 as next bullish targets The Fed once again came to the rescue of the bulls, lifting gold price from around the key support around $1792 to take on the upside beyond the $1800 mark. So far this Thursday, gold price is extending the ...
Chart 1.a - Freightco versus US PCE goods inflation Chart 1.b - TheSuezremains effectively closed for containers This Suez-story has admittedly proven to be a growing worry for both central banks and dovish market bets over the past couple of weeks, but we are still caught by surprise by...
DXY, or the U.S. Dollar Index, is a measure that indicates the value of the US dollar relative to a basket of other major world currencies. Think of it as a giant seesaw where the USD sits on one end and a group of other currencies sit on the opposite en
The United States began to see its gold reserves shrink, as other countries began to doubt the backing of the dollar and therefore redeem dollars for gold instead of comfortably holding dollars. This chart shows US gold reserves as measured in metric tonnes: Chart Source: Bullionstar In fact, ...
Gold and the dollar certainly move not in a random relation to each other. The strength and direction of one taking the cue from the other changes over time, but what does it tell us about the present moment? The key point with regard to the US currency is that it appears to have ...