DXY Overview

Bitcoin slipped 5.80% to $47,545 on Thursday, December 9. Buyers surrendered all gains seen in the rally from $47,100 to $51,936. The news flow exerted a negative impact on risk-sensitive assets. The DXY index advanced, while gold, oil, major currencies, US stock indices and cryptocurrencies trended...

The EURUSD pair fell 0.17% to 1.1301 on Thursday, December 2. The DXY index came under pressure during European trading as the single currency rose to 1.1348. Buyers pared all gains during the North American session, with price action moving in the range of 1.1300-1.1355. The shift in cross pair tra...

Bitcoin fell 1.43% to $ 56,950 on Tuesday, November 30. The BTCUSDT pair rose to an intraday high of $59,176. Buyers hit the brakes after Fed Chair Powell’s testimony before the Senate Banking Committee. Risk assets took a hit from his comments as the regulator is considering winding down its monthl...

The EURUSD pair traded lower on Wednesday, November 24, down 0.44% to 1.1198. Selling resumed after German macro data came out. IFO readings came in worse than expected as manufacturing supply bottlenecks and spiraling coronavirus infections have darkened Germany's growth prospects. The IFO business...

The BTCUSDT pair closed higher on Tuesday, November 23, up 2.3% at $57,541. During the European session, the bears drove the price back down to $55,317. The bulls tapped into this move and snapped up the asset above $58k. However, the rebound was short-lived. After pulling back to $55,944, Bitcoin c...

Bitcoin declined 4.05% on Monday, November 22. During the North American session, price action rose to $59,444, from which it slipped to $55,610 (-$3,834). Prices initially gained on news that US President Joe Biden nominated the current Fed chair Jerome Powell for a second term. The second candidat...

Trading in the EURUSD pair ended in decline on Monday, November 22. The euro fell 0.39% to $1.1237. Prices tumbled sharply during the North American session. The DXY index locked in gains on news that US President Joe Biden nominated the current head of the Federal Reserve Jerome Powell for a second...

Bitcoin ended the past week in the red. The price dropped 10.53% to $58,622. The decline started from $66,400. Buyers sustained the heaviest losses at the beginning of the week. The trigger for selling cryptocurrencies was the strengthening of the dollar amid risk aversion due to the tightening of a...

Key factor driving the FX market - Austria enters nationwide lockdown. Germany is also reportedly mulling such a course of action. Heading into the weekend, all major currencies except for the British pound closed in the red. The biggest losses were seen in the single currency (-1.42%) and the Austr...

The EURUSD pair rose 0.46%, to 1.1371 on Thursday, November 18. The dollar started to weaken during the Asian trading session. The kiwi dollar topped the leaderboard after inflation data came out in New Zealand. During the North American session, the DXY index continued to retreat against the backdr...

Bitcoin rose 0.48% to $60,344 against the US dollar on Wednesday, November 17. Price action moved within a range of $58,350-$60,850 over the past 48 hours. Buyers are struggling to hold the psychologically important $60k level amid broad-based weakening of the dollar. There is no other news, so mark...

The EURUSD pair ticked down 0.01% on Wednesday, November 17. During the North American session, the euro fell to 1.1263, from which the price action rebounded to 1.1332 (+68 pips). Strengthening of the euro was moderate due to a decline in the EURGBP cross. Sterling gained support after the release ...

Bitcoin tumbled 5.58% to $60,058 on Tuesday, November 16. This was 12.96% of the decline from the high of $69k. Despite a dip to $58,500, buyers had the stamina to hold the psychologically important $60k level. The DXY index climbed to a high of 96.27 in Asian trading on Wednesday. Today in the FX m...

Key factors driving the FX market: — EasingBrexittension. — Eurozone industrial production exceeds market expectations in September. — Michigan consumer sentiment index drops to lowest level since November 2011. All major currencies closed in the red at of the week. The steepest decline was posted b...

The EURUSD pair dipped 0.24% to 1.1451 on Thursday, November 11. Trading saw sharp swings during the European session. Buyers attempted several times to msuter a rally, but were eventually forced to retreat to 1.1443. On Thursday, the US and Canada celebrated national holidays. The US debt market wa...

Bitcoin fell 3.08% to $64,882 on Wednesday, November 10. The daily price oscillation reached $6,177, or 8.95% of the top. This is how much the price dropped after reaching the new high of $69,000. Now everything is in order after the recent events that unfolded on the cryptocurrency market. Market v...

The EURUSD pair traded higher on Monday, November 8, up 0.17% to 1.1587. Buying picked up during the European session as the dollar started losing ground across the board. Market participants pushed ahead with a 5-day rally, brushing aside a slight recovery in the UST10 yield and speeches by Fed mem...

Key factor currently driving the FX market: - NFPs picked up in October, overshooting the median consensus. Major currencies showed mixed dynamics heading into the weekend. The strongest gains against the US dollar were shown by the Japanese yen (+0.52%), the Swiss franc (+0.34%) and the euro (+0.0...

Key issues currently driving the FX market: - US new homes sales surged 4% - US consumer confidence unexpectedly rose in October - The S&P 500 hit an all-time high of 4,598.53 - The 10-year UST yield fell to 1.61% - Gold slid $25 to $1,782/oz - Chinese authorities told the head of China Evergran...

Gold gained on the back of risk appetite, a weaker dollar and lower US yields. Profit-taking set in after Powell’s speech. Powell reaffirmed the Fed’s intention to taper asset purchases, pushing gold lower. Markit Services and Composite PMIs exceeded expectations in October. The US manufacturing PMI...

Bitcoin slid 5.77% to $62,193, and ether slipped 2.60% to $4,052 on Thursday, October 21. The leading cryptocurrency shed $3,808 on the day, and $5,000 from its ATH. The downtrend in Bitcoin broke out on the back of profit-taking in ether, after buyers reached a high of $4,375. The SEC has given the...

Key FX market drivers: - Risk aversion amid renewed concerns about the potential contagion from China Evergrande's debt crisis. - The UST10Y yield widened to 1.68%. - The new German Chancellor is to be named after December 6. - China Evergrande Group remitted USD-bond interest payment. The EURUSD p...

Key issues currently driving the EURUSD pair: - AUDUSD retraced to a two-month high. The easing of coronavirus restrictions and higher commodity prices have supported demand for the Australian dollar. - The treasury curve steepened between US3Y and US10Y yields, meaning that the market is optimistic...

Bitcoin rose 0.78% to $62,009 on Monday, October 18. The BTCUSD pair has been locked in a sideways trend for three days. On the daily TF, the last upward trending pulse was 16%, so a three-day correction is usual so that buyers can catch catch their breath before pushing for an all-time high. The le...

Key issues currently driving the EURUSD pair: - Weak Chinese GDP and industrial production data impacted market sentiment during the Asian session. - The Q3 spike in New Zealand inflation lent support to the kiwi dollar. - ECB President Christine Lagarde insists that "inflation is largely temporary....

The EURUSD pair rose 0.54% to 1.1593 on Wednesday, October 13. The euro began to strengthen during the Asian trading session. Upside was stoked by news stateside that the House passed a bill to temporarily the debt limit by $480 bln. Volatility spiked after US inflation data came out. EURUSD surged ...

The EURUSD pair slipped 0.19% to 1.1530 on Tuesday, October 12. The single currency rallied to a session high of 1.1570 during the European session, but failed to keep up the bullish trend. Economic sentiment indices in Germany and the euro area disappointed the market with lackluster performance. T...

Bitcoin fell 2.77%, to $53,785 on Thursday, October 7. The session was marked by a correction, following a 10% rally on October 6. The decline was 38.2% of the uptrend from $50,382 to $55,750. On Friday, the BTCUSD pair retraced to a high of $56,100. Upside reached 4.57% in four hours. The leading c...

BTC spiked 7.47% to $55,315 on Wednesday, October 6, climbing 16% in four days. The cryptocurrency market capitalization reached $2.284 trln, while Bitcoin’s market cap stood at $1.271 trln, with a market domination of 44%. The BTCUSD pair started off the rally from a low of $50,382 right after trad...

The EURUSD pair dropped 0.36% to 1.1556 on Wednesday, October 6. The euro came under pressure against all currencies amid rising UST yields, strengthening of the dollar and a decline in US stock indices. After a drop in the yield on 10-year USTs to 1.508% from 1.573%, the DXY index fell to 94.19. Se...