DXY

Is the US dollar’s reign nearing its end? EUR/USD breaks higher while USD/JPY flirts with a key uptrend following the BoJ’s hawkish hike. A shift could be underway—are you ready?

US Dollar is trading into key support at the monthly lows on the heels of President Trump’s inauguration. Battle lines drawn on the DXY short-term technical charts.

USD bulls continue to push and this week brings another installment of CPI, which has been a bullish driver for the Greenback since the Fed’s start of a rate cutting cycle in September.

The US Dollar rally extended for a sixth-consecutive week with a 4.3% advance now approaching uptrend resistance. Battle lines drawn on the DXY weekly technical chart.

EUR/USD, DXY Analysis: Key U.S. data is on the horizon, poised to test the dollar’s strength for new highs and the euro’s vulnerability to parity risks.

Gold has registered growth of over 1% in recent hours, positioning itself above $2,650 per ounce.

A rebound off uptrend support keeps the focus on a breakout of the weekly range heading into NFPs on Friday. Battle lines drawn on the DXY short-term technical charts.

Last quarter was the largest quarterly gain for DXY since Q1 of 2015, and the third largest quarterly gain for the Dollar index in the past 30 years.

While it is well documented that the USD tends to suffer in December, the dynamics of Trump at the helm alongside another important FOMC meeting could give seasonality a run for its money. But regardless of which way the dollar travels this month, there is a clear intra-month pattern that is worth factoring in to the equation.

GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.

USDJPY Forecast: Friday's rise in Tokyo CPI from 1.8% to 2.2% drove USDJPY below the critical 150 level. A pivotal week of US economic data ahead, including ISM PMIs and Non-Farm Payrolls, is set to heighten volatility risks for the pair.

EURUSD and Nasdaq Outlook: As the DXY edges closer to breaking 2023 highs, bearish risks loom large for EURUSD. Meanwhile, NVDIA earnings are boosting long-term bullish potential for the Nasdaq following the Trump rally.

US Dollar surged 6.9% off the yearly low with the Trump rally fueling a breakout of the 2023 consolidation pattern. Battle lines drawn on the weekly technical chart.

USDJPY, Silver Forecast: The US Dollar’s rally has pushed the yen to levels increasing Bank of Japan intervention risks and pressured silver to retest a critical yearly trendline, raising caution over potential further upward movements in the dollar.

EURUSD Forecast: The DXY’s rally, fueled by the Trump market effect, paused at the 107-mark, offering a potential breather for EURUSD, which is holding above the 1.05 support level.

The US Dollar has continued its rally after Trump’s win and last week’s FOMC rate decision, and DXY is now testing some unfilled gap from last November’s FOMC meeting.

The post-election rally has extended more than 2.7% off the monthly low with USD now testing major resistance. Battle lines drawn on the DXY short-term technical charts.