Forex Analysis by MarketPulse (Zain Vawda) covering: US Dollar Swiss Franc, US Dollar Index Futures, US Dollar Index. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
The US Dollar Index is also at multi-month resistance, raising questions about a potential pullback.
US data this week has also done little to ease concerns that the Fed may not cut rates as much as expected in 2025. An uptick in PPI data as the labor market appears to be cooling is not really a positive sign as inflationary fears have risen following the election of Donald Trump. For the first time since April 2023, Core PPI and CPI inflation are back above 3.0%.
Given the strength of the trend i would expect the bulls to push through this level but there are warning signs flashing that a retracement may be imminent. Looking at the DXY, it has run into multi-month resistance at the 107.00 handle while also hovering in overbought territory. This is a mirror of the USD/CHF which is also now trading overbought territory based on the 14 period RSI and has run into resistance as well.
US Dollar Index Futures US Dollar Index
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.
EUR/USD: Technicals Hint at Bounce but Acceptance Above 1.08 Is KeyForex Analysis by MarketPulse (Zain Vawda) covering: Euro US Dollar, US Dollar Index Futures. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Read more »
Bitcoin Takes a Pause - But $75k Still on as OTC Inflows DeclineMarket Analysis by MarketPulse (Zain Vawda) covering: Bitcoin US Dollar, Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
Read more »
Bitcoin’s Bull Run: On-Chain Data Signals New Demand, $100k in Sight?Market Analysis by MarketPulse (Zain Vawda) covering: SPDR® Gold Shares, Bitcoin US Dollar, Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
Read more »
Trump or Harris? Why the Nasdaq 100 and S&P 500 Might Not CareStocks Analysis by MarketPulse (Zain Vawda) covering: Nasdaq 100, S&P 500. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Read more »
Gold, Silver Print Fresh Highs as US Dollar Approaches 105.00Commodities Analysis by MarketPulse (Zain Vawda) covering: Gold Spot US Dollar, Silver Spot US Dollar, US Dollar Index Futures, Gold Futures. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Read more »
Us Dollar Index Surges: Here’s What Trump’s Comeback Means for Forex MarketsForex Analysis by MarketPulse (Zain Vawda) covering: US Dollar Japanese Yen, US Dollar Swiss Franc, Nasdaq 100, Gold Spot US Dollar. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Read more »