#usd #dxy
🇺🇸The dollar index (DXY) holds positions near 106.50.
📊On the side of the buyers of the dollar statistics on the labor market. Recall that the US Department of Labor reported an increase in the number of new jobs created by the American economy outside the agricultural sector in July by 528 thousand, which turned out to be more than twice better than experts' forecast. In addition, last month the US unemployment rate fell from 3.6% to 3.5%, hitting a 50-year low.
📰Strong statistics on the labor market allows the Fed to actively raise interest rates, which will continue to support the bullish dynamics of the US currency. According to the CME Group FedWatch Tool, there is a 68.5% chance of a 75 basis point rate hike in September, up from 29% a week earlier.🧐
📈Analysts recommend holding long DXY positions with the target at 108.00.🚀
🇺🇸The dollar index (DXY) holds positions near 106.50.
📊On the side of the buyers of the dollar statistics on the labor market. Recall that the US Department of Labor reported an increase in the number of new jobs created by the American economy outside the agricultural sector in July by 528 thousand, which turned out to be more than twice better than experts' forecast. In addition, last month the US unemployment rate fell from 3.6% to 3.5%, hitting a 50-year low.
📰Strong statistics on the labor market allows the Fed to actively raise interest rates, which will continue to support the bullish dynamics of the US currency. According to the CME Group FedWatch Tool, there is a 68.5% chance of a 75 basis point rate hike in September, up from 29% a week earlier.🧐
📈Analysts recommend holding long DXY positions with the target at 108.00.🚀
#usd #dxy
❗️Today at 12:30 GMT, the most important information event of the week, and possibly the month, is expected - the consumer price index (CPI) in the United States.
📊According to forecasts, annual inflation will fall to 8.7% from 9.1% in June, while the core consumer price index, which does not take into account volatile food and energy prices, will rise from 5.9% to 6.1% .
🧐According to the CME Group FedWatch Tool, markets estimate a 67% chance that the Fed will raise rates by 75 bp. in September. In the event of an increase in core inflation, the likelihood of tightening monetary policy in the United States will become higher, which will provide additional support to the dollar.🚀
📈Analysts recommend holding long positions on the dollar index (DXY) with a target of 108.00 points.
❗️Today at 12:30 GMT, the most important information event of the week, and possibly the month, is expected - the consumer price index (CPI) in the United States.
📊According to forecasts, annual inflation will fall to 8.7% from 9.1% in June, while the core consumer price index, which does not take into account volatile food and energy prices, will rise from 5.9% to 6.1% .
🧐According to the CME Group FedWatch Tool, markets estimate a 67% chance that the Fed will raise rates by 75 bp. in September. In the event of an increase in core inflation, the likelihood of tightening monetary policy in the United States will become higher, which will provide additional support to the dollar.🚀
📈Analysts recommend holding long positions on the dollar index (DXY) with a target of 108.00 points.
Forwarded from Serg Udutov
#dxy #usd
🇺🇸 The dollar index (DXY) is being quoted at 109.10, holding positions at a maximum in more than 20 years.
🏛 As expected, the dollar was supported by statements made by the head of the US Federal Reserve, Jerome Powell, during his speech at the annual economic symposium in Jackson Hole. In particular, Powell noted the need for further tightening of the national monetary policy in order to reduce inflation. After that, market participants again believed that during the September meeting, the regulator could raise the rate by 0.75% for the third time in a row. According to the CME Group FedWatch Tool, the probability of such a decision is now estimated at 70%.☝️
📈 Analysts recommend buying DXY with a target of 110.00 and above.
🇺🇸 The dollar index (DXY) is being quoted at 109.10, holding positions at a maximum in more than 20 years.
🏛 As expected, the dollar was supported by statements made by the head of the US Federal Reserve, Jerome Powell, during his speech at the annual economic symposium in Jackson Hole. In particular, Powell noted the need for further tightening of the national monetary policy in order to reduce inflation. After that, market participants again believed that during the September meeting, the regulator could raise the rate by 0.75% for the third time in a row. According to the CME Group FedWatch Tool, the probability of such a decision is now estimated at 70%.☝️
📈 Analysts recommend buying DXY with a target of 110.00 and above.