USD Gains Momentum

USD Gains Momentum

Happy Friday, dear traders! Let's check what news is moving the markets today!

  • Goldman predicts US Treasury funds will run out on June 9. US Treasury's cash balance dropped below $50 billion.
  • After a pause in raising rates, the Central Bank of New Zealand said that rates would be high for a long time.
  • Natural gas prices in Europe could briefly turn negative in the near term if sluggish demand does not equal a growing gas supply glut.
  • Nvidia is close to becoming the first $1 trillion chip maker.
  • Yesterday, Germany officially entered the recession. The DE30 index has probably marked its highs for a long time. 
  • Traders fully priced in another quarter-point interest-rate increase by the Federal Reserve within the next two policy meetings.
  • Ron DeSantis, US Florida Governor, stepped into the presidential elections from the Republican party. He’s a pro-crypto person.

US dollar index outlook

UsDollarH4.png

The US dollar index broke above the 61.8 Fibonacci level, 104.00. If the price holds above this support, an uptrend toward 105.80 might continue, which is a 1.75% potential gain.

On the other hand, if the price loses 61.8 Fibonacci level, it might slide to 50.0 and 50-period MA.  

START TRADING NOW

Similar

Earnings Season is In Focus
Earnings Season is In Focus

Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?

Can XAUUSD Move Higher?
Can XAUUSD Move Higher?

The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera