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U.S. Dollar Index ($DXY)
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U.S. Dollar Index Futures Market News and Commentary

Dollar Gains on Hawkish Fed and Higher T-note Yields

The dollar index (DXY00) on Thursday rose by +0.09%, supported by higher T-note yields.  Also, hawkish comments from Richmond Fed President Barkin Strength boosted the dollar when he said the Fed is in no hurry to lower interest rates.  In addition, Thursday’s weekly U.S. jobless claims report showed that claims fell more than expected, a sign of strength in the labor market and a hawkish factor for Fed policy. 

U.S. weekly initial unemployment claims fell -9,000 to 218,000, showing a stronger labor market than expectations of 220,000. Also, weekly continuing claims fell -23,000 to 1,871 million, showing a stronger labor market than expectations of 1.875 million.

Comments on Thursday from Richmond Fed President Barkin were slightly hawkish and supportive for the dollar when he said the Fed doesn't have to be in a hurry to cut interest rates and he would like to see disinflation for a few more months before cutting rates.

The markets are discounting the chances for... Read more

Price Performance

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Period Period Low Period High Performance
1-Month
102.08 +2.01%
on 01/12/24
104.60 -0.45%
on 02/05/24
+1.63 (+1.59%)
since 01/09/24
3-Month
100.61 +3.50%
on 12/28/23
106.00 -1.76%
on 11/10/23
-1.78 (-1.68%)
since 11/09/23
52-Week
99.57 +4.58%
on 07/14/23
107.34 -2.99%
on 10/03/23
+0.94 (+0.91%)
since 02/09/23

Most Recent Stories

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$DXY : 104.13 (-0.01%)
Where is the U.S. Dollar Index Headed in 2024?

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$DXY : 104.13 (-0.01%)
The Dollar Index Recovers- Will it Continue to Rally?

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ZBZ23 : 123-23s (unch)
$DXY : 104.13 (-0.01%)
UUP : 28.01 (+0.11%)
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$INX : 4,997.91 (+0.06%)
$DXY : 104.13 (-0.01%)
GCY00 : 2,034.47 (+0.02%)
Does the Selloff in Gold Mark the End of the Bull Market for the Precious Metal?

Gold made an ominous bearish technical pattern when it made a double-top, reaching $2,072 per ounce in March 2022 and May 2023. Since the latest peak, the price action turned bearish, with the precious...

GCZ23 : 2,081.9s (+1.15%)
ZBZ23 : 123-23s (unch)
$DXY : 104.13 (-0.01%)
Is What the Fed Said a Surprise?

While some like to say they were surprised by what the US Fed did and said, the reality is there has been plenty of time to plan ahead based on previous comments.

$DXY : 104.13 (-0.01%)
^EURUSD : 1.07755 (-0.03%)
Is the Euro and FXE Destined to Decline?

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FXE : 99.49 (+0.05%)
^EURUSD : 1.07755 (-0.03%)
$DXY : 104.13 (-0.01%)
Is Trading the Silver Range the Optimal Approach?

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SIZ23 : 24.375s (+0.96%)
ZBZ23 : 123-23s (unch)
$DXY : 104.13 (-0.01%)
SIL : 24.87 (-0.60%)
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GCZ23 : 2,081.9s (+1.15%)
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$DXY : 104.13 (-0.01%)
Dollar Index ( DXY ) Elliott Wave Zig Zag Pattern Forecasting The Path

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dollar Index.  As our members know, ($DXY) has recently given us correction against the...

$DXY : 104.13 (-0.01%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 8% Buy with a Weakest short term outlook on maintaining the current direction.

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Key Turning Points

3rd Resistance Point 104.88
2nd Resistance Point 104.65
1st Resistance Point 104.40
Last Price 104.13
1st Support Level 103.92
2nd Support Level 103.69
3rd Support Level 103.44

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52-Week High 107.34
Fibonacci 61.8% 104.37
Last Price 104.13
Fibonacci 50% 103.46
Fibonacci 38.2% 102.54
52-Week Low 99.57

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