Category: DXY
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The dollar tends to be higher from now until Nov. 5 during election years – BofA (DXY)
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ImagePixel/iStock via Getty Images Dollar (DixieThe price usually tends to rise between now and US election day. According to the BofA Securities Technical Advantage report, the average trend (nine out of 13 times) was up 2.5%, peaking ten days before Election Day, at 2.84%. Strategist Paul Ciana wrote that from…
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Chart Art: U.S. Dollar Index’s (DXY) Potential Bullish Reversal
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The US dollar may be ready for a sharp rally after seeing a bearish trend earlier this month. Do you think the US dollar is ready to rise? Take a look at the reversal pattern on the 4-hour chart! US Dollar Index (DXY) 4-hour Chart by TV Days after retesting…
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UBS suggests shorting USD/CHF amid DXY pullback and data woes By Investing.com
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UBS recommended investors sell the pair, indicating attractive entry levels for trading. The company confirmed that the DXY index, which measures the strength of the US dollar against a basket of currencies, fell 1.5% from its peak in late April due to disappointing US economic data. Despite the Federal Reserve’s…
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Forexlive Americas FX news wrap 17 May.The price of the DXY index closes below its 100W MA
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The British pound ended the US session as the strongest of the major currencies today. The Swiss franc is the weakest. The US dollar ended the day mixed with gains against the Japanese yen and Swiss franc and losses against the British pound, Australian dollar and New Zealand dollar. The…
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How April CPI inflation data may influence the Fed’s rate path decision (DXY)
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With inflation remaining hotter than desired in the first quarter of 2024, the Fed’s first expected interest rate cut in more than four years continues to push through later in the calendar, with some wondering whether the central bank will lower its benchmark. Standard rate at all this year. Investors…