All articles tagged with #us dollar index
Spot Silver closed higher for a third straight session, finishing above pivots and the 50-day MA, setting up a breakout from a three-week range. A break through $86.32 could spark a rally toward $92.20 with potential moves into the $92.87–$99.66 retracement zone, aided by momentum while tariff news and Fed cut expectations frame the near term.
Trump’s remark that he isn’t concerned about the dollar’s decline coincided with a sharp drop in the ICE U.S. Dollar Index, extending a three‑day slide to as much as 1.5% and leaving the dollar at its weakest since early 2022; analysts say a weaker dollar could raise import prices and inflation while potentially boosting U.S. exporters.
Silver breaks above $100 and targets $120, with Fibonacci-based targets supporting a medium-term upside move. The rally is aided by a weaker USD amid a Fed-rate decision week and political headlines, though a USD rebound could cap gains. Technical charts point to a parabolic rise, suggesting the upside could unfold quickly, potentially within days.
The US dollar has fallen to a three-year low, with technical indicators suggesting further decline, potentially leading to a breakdown. While some signs hint at a possible rebound, overall momentum and historical patterns indicate more downside risk, especially amid geopolitical and economic factors such as the 'revenge tax' and international hedging activities.
The US dollar rose against major currencies after a court blocked Trump's tariffs, providing temporary relief amid ongoing trade uncertainties, though analysts remain cautious about a sustained rally due to legal and policy uncertainties.
Glassnode co-founders predict Bitcoin will reach new all-time highs if the US Dollar Index (DXY) declines due to the Federal Reserve's rate-cutting and quantitative easing. A weaker DXY typically leads investors to favor risk assets like Bitcoin. Currently, Bitcoin is trading at $89,200, slightly below its all-time high. Meanwhile, Ethereum shows market strength despite a decline against Bitcoin, with its market cap remaining relatively stable.
Crypto analyst Justin Bennett warns that Bitcoin could see a further 20% drop based on the Tether dominance chart, despite its recent rally to around $42,000, with a potential downside target of $30,000. He also notes that a strong US dollar index suggests a bullish reversal, which could put pressure on risk assets like stocks and crypto. Bennett's analysis indicates that investors may be moving their money into the US dollar and away from Bitcoin and other cryptocurrencies.
Gold prices are slightly higher as U.S. Treasury yields decline, providing support for the gold and silver market bulls. Traders and investors are awaiting key U.S. economic data, including the U.S. employment situation report, while the U.S. dollar index is slightly down. Technically, gold and silver futures prices have shown signs of a near-term market top, but the bulls still have the overall near-term technical advantage. Copper prices closed slightly lower, with the copper bulls appearing exhausted.
Gold and silver prices are lower due to gains in the US dollar index and losses in crude oil, as well as improved risk appetite in the market. The US stock indexes are higher, while the yield on the US Treasury 10-year note is at 4.428%. The minutes from the last Federal Reserve meeting noted the risk of higher-than-expected inflation and weaker-than-expected US economic growth, suggesting that the Fed will continue to pause on rate hikes. Technically, gold and silver futures have near-term advantages for the bulls.
Gold and silver prices rebounded as the US dollar weakened and crude oil prices rallied modestly. The market is monitoring Fed Chairman Jerome Powell's speech for any hints on US monetary policy. China's consumer and producer inflation slipped into deflationary territory, increasing expectations for more government stimulus. Technically, gold and silver futures have slight overall near-term advantages, but bears have the slight advantage in silver. Copper prices closed higher but bears have the overall near-term advantage.
Gold and silver prices are experiencing a pullback due to corrective and consolidative price pressure, influenced by a higher U.S. dollar index and an increase in U.S. Treasury yields. The Middle East situation remains a potential market disruptor. The U.S. dollar index is higher, while crude oil prices are steady. Technical analysis shows that gold and silver futures are trending higher, with bulls having the near-term advantage. Economic data due for release includes retail sales, PMIs, and the Richmond Fed business activity survey.
The US Dollar Index (DXY) has reached its highest level in almost 10 months, indicating growing confidence in the US dollar compared to other fiat currencies. This surge in demand for the dollar has raised concerns about its potential impact on Bitcoin and cryptocurrencies. However, the relationship between the DXY and Bitcoin is not straightforward. While a stronger dollar may lead to reduced demand for risk-on assets like Bitcoin, increased liquidity in the markets due to inflation and recession pressures could favor Bitcoin as investors seek refuge in alternative assets. Therefore, the DXY's golden cross may not necessarily be a net negative for Bitcoin, especially on longer timeframes.
Gold and silver prices are slightly down as U.S. Treasury yields rise and the U.S. dollar index hovers near a 6.5-month high. Traders and investors are in a risk-off mood due to the potential for a U.S. government shutdown. The overall near-term technical advantage is with the bears in both the gold and silver markets.
Analysts predict that Bitcoin could reach $22,000 soon, citing factors such as worsening investor sentiment after Grayscale Investment's legal victory against the SEC and the postponement of Bitcoin exchange-traded fund applications. The SEC's lawsuits against Binance and Coinbase, along with potential money laundering indictments, are also contributing to bearish sentiment. BitMEX co-founder Arthur Hayes claims that the Bitcoin bull market began in March, with the Silicon Valley Bank fallout and U.S. Treasury Department intervention as turning points. Despite concerns about the U.S. Dollar Index, investors view the U.S. dollar as a safe option in the event of a global economic recession.
Gold prices are down and hit a five-month low as U.S. Treasury yields continue to rise, reaching their highest level in 15 years. The strengthening U.S. dollar index is also contributing to the bearish sentiment. The minutes from the Federal Reserve's last meeting indicated a commitment to reducing U.S. inflation, further pushing up Treasury yields and the dollar. Additionally, China's central bank announced plans to provide stimulus to its economy and prevent further depreciation of the yuan, which has been impacting the precious metals market due to weaker demand concerns.