Forex Analysis by Investing.com (Günay Caymaz) covering: Euro US Dollar, Boeing Co, US Dollar Index Futures, United States 10-Year. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
The U.S. dollar faces uncertainty with elections and Fed decisions ahead.Election outcomes could significantly impact dollar demand and interest rate policies.
This week, the dollar's movements will be heavily influenced by the presidential election, with a tight race between Kamala Harris and Donald Trump. In any case, both outcomes support the dollar, especially with data showing robust fundamentals in the US economy.Last week’s non-farm employment data fell significantly short of expectations, posting only a 12,000 increase in October.
After the lackluster payroll report, the CME Fed Watch data revealed that the likelihood of the Fed maintaining current interest rates at this week’s meeting dropped to 5.2%, while the expectation for a rate cut soared to 100%.US Dollar: Critical Support and Resistance Levels to Watch Ahead of US Elections, Fed Decision
This week, traders should keep a close eye on the 104 level as a key support point. If the DXY can remain above this threshold, we could see a strengthening upward trend following last week's sideways movements. However, if the dollar index slips below the 104 level, the 103.3 band could emerge as a critical second support point to watch closely.
Boeing Co US Dollar Index Futures United States 10-Year
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Bulls Eye Sustained Bullish Momentum Above 102 - CPI Data Holds the KeyForex Analysis by Investing.com (Günay Caymaz) covering: US Dollar Index. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
Bitcoin: Strong Buying at Key Support Could Signal Potential 'Uptober' ComebackMarket Analysis by Investing.com (Günay Caymaz) covering: Bitcoin US Dollar. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »
US Dollar: 104.8 Resistance Challenge Imminent Amid Strong Data, Rising Safe HavenForex Analysis by Investing.com (Günay Caymaz) covering: US Dollar Index. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
Bitcoin: Rising Yields, US Dollar Strength Threaten Bulls' Potential Push to ATHMarket Analysis by Investing.com (Günay Caymaz) covering: Bitcoin US Dollar. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Read more »
Tesla Earnings Preview: Will China Growth Be Enough to Offset Margin Pressures?Stocks Analysis by Investing.com (Günay Caymaz) covering: Tesla Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »
Gold Bulls Look Unstoppable After Zooming Past $2,700 - More Record Highs Ahead?Commodities Analysis by Investing.com (Günay Caymaz) covering: Gold Spot US Dollar, Gold Futures, US Dollar Index. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Read more »