US Dollar Index (DXY)

NYSE
106.40
-0.42(-0.39%)
  • Open:
    106.72
  • Day's Range:
    106.29 - 106.78
  • 52 wk Range:
    94.63 - 114.78

US Dollar Index Discussions

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(4041)
  • 110
    2
    • Normally I only comment on SPX forum, but I bought a large chunk of UUP call options this month as DXY fell so call's entry price more attractive, which expire in March. So I've been following the Dollar but ignore the nonsense in this forum as folks claim things to happen that never do b/c they have no evidence to support their declarations. Just as I point out in SPX forum, WaveTech Research Tool (WTRT) from PortfolioXperts introduced a future projection tool in October that projects/forecasts price pressure momentum (PPM) metrics, looking 10 periods out, on common periods from quarter, monthly, weekly, daily, hourly and even 5-minute charts. I focus on daily and weekly, as I have a real job and prefer to avoid day trading interruptions. There's both bullish and bearish projections ahead. MOST of the price weakness of USD on weekly basis is done, looks like about 90% of the selling momentum has already happened since early Oct. top of buying momentum. Next week shows more weakness, then the 3 main PPM weekly metrics diverge, meaning the PPMs around 10-week moving avg. (10-WMA), 21-WMA and 40-WMA move in different directions. But overall, it's more sideways with downward bias for another 6 or so weeks, at which point sometime in Jan. weekly PPM-1, which says 10-WMA is in solid downtrend, projects buying pressure to increase substantially. So for me, I'm going to exit my March UUP calls this week, probably tomorrow, when WTRT projects stronger selling in stock market (often correlated with stronger DXY). I'll have a heavy loss, but that's fine b/c I've made a ton of money off the stock market rally and this week's decline, using WTRT projections and inputs from other technical analysis (multiple sources of unrelated techniques offers most well rounded perspective). Dollar market is just a side show to me, but one too important to ignore, as the only popular asset that gained tremendously in 2022. So in summary, expect further weakness in DXY next week through mid January, and then the odds of strength (demand) increases. Not surprisingly, WTRT also projects the 10-year Treasury yield to fall over the next several weeks, so I'm buying TLT Jan. call options on price weakness. I know it seems counterintuitive when FOMC has clearly said rate hikes continue into Q1, at least 1% higher than today for terminal rate, but credit markets look beyond a few months and realize you only get a brief time to capture these yields. Regardless, I rely on technicals; fundamentals often don't work for short term trading, only long term, and in the meantime, losses can pile on.
      0
      • By the way, if anyone knows an options market that's almost as liquid as TLT but more closely aligns to 10-year Treasury notes or their yield, please reply. I realize TLT calls aren't a precise proxy for 10-year notes, but it's the closest thing I'm aware of, and I assume that if 10-year Treasuries continue to see a bid over the next few to several weeks, then TLT's 20-30 year notes should see as much if not more, so I think my trade will work, but it's not ideal.
        0
    • Asia and Europoors are trying to fight the US by selling their USDs during their market hours. Then the US shows them who is the boss in the room after reversing their whole price action
      0
      • dump to 104
        3
        • It failed to hit 105. We need evidence next time you assert something.
          0
      • 107
        3
        • i doubt this can hold 106$.....
          1
          • USDZ coming!
            0
            • one can buy below 105$ ...for the long-term tgt 107$
              2
              • Bye bye USD. Short this trash to the ground
                4
                • The words of a foreigner and anti American troll. Beware of such unreliable remarks. The only trash are those who oppose USA and the will of the free world.
                  5
                • The will of the free world .. doesnt mean we will follow US .. we will do what we want .. not what US wants When you INVADE IRAQ AFGHANISTAN for OIL that s democracy .. You are no different than those dictators only you hide under veil of democracy .. but your intention is to loot resources for your greed . Your govt is controlled by big pharmas IT Weapons Manufacturer and Oil companies they use your Armed forces to wage war or install puppet that dances to your tunes.
                  1
                • Syd Ind KK, you're not part of the free world, so stop acting like you're not a troll. When you defend Al Quaeda and Taliban's murder and rape of children, and persecuting girls' education, because you call the liberation of Afghanistan an "invasion" when in fact it was the Northern Alliance who liberated that backwards nation, aided by USA, you do not represent the free world but instead, you represent tyranny and corruption. When you ignore the U.N. Security Council's multiple resolutions that torture-loving dictator Saddam Hussein either cooperate with the U.N. nuclear/chemical inspections or face miltary enforcement, you again defend agents of torture, tyranny and autocracy. We're not interested in your opinions b/c you fail to support human rights, and now you fake freedom lovers ignore Russia's invasion of Ukraine b/c all you care about is the price of oil, and fail to stand up to the millions of refugees who've lost their homes, the civilians and soldiers who the Russian have tied up, tortured and executed for defending democracy and sovereignty, despite the U.N. General Assembly opposing your views and supporting liberty and and opposition to the use or hiding of weapons of mass destruction. Hypocrite!
                  2
              • This week is just for you USD :))
                3
                • Hell yeah
                  0
              • Inflation will not end if markets will not stay tight.  House prices will rise the rents and salaries are increasing. There is  recession in Europe, so how can you think USD will lose value while EUR is under pressure?
                1
                • 102.650.
                  0
                  • Up to 108
                    2
                    • to '71 the DXY spend time 1 part in 11 under the median. where the positioning the next 50 years? The question is Plato's
                      3
                      • :) luka. my languages call hole... you know what hole? :)
                        0
                      • Most cirtanly the hole doese exist - ne pa tut
                        0
                      • hole of being
                        0
                    • No power…
                      0
                      • Bulls will come
                        3
                        • apparently guys like you believe the inflation will keep on going for a long time huh, well at some point it must surely start decreasing
                          0
                        • Søren Refsgaard but not yet. It will not end if ppl like you keep greedy. House prices will rise the rents and salaries are increasing. There is  recession in Europe, so how can you think USD will lose value while EUR is under pressure?
                          0
                      • dxy needs life alert. It's fallen an cannot get up...
                        2
                        • double bottom 106 if that’s true then dxy will be 109 by monday . it’s going to be real black friday in stock market
                          2
                          • 104
                            0
                            • 108
                              1
                          • it will be at 108 by the end of the week
                            5
                            • What is the difference between DXY and DX? and why dollar inex has two different charts with slightly different prices?anyone knows
                              1
                              • People are stuck in the trap, we obviously got rejected at 108 and heading for 104 before breaking further down.
                                5
                                • 103 soon
                                  7
                                  • 104 soon
                                    8
                                    • Buy buy and buy
                                      4