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US Dollar on the Rise: Key Levels to Watch Ahead of the Elections

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Hello everyone and welcome to our new blog post!

In this update, I will discuss the US dollar, US yields and will look at EURUSD levels.

As you know, the US dollar is experiencing strong upward pressure, driven by speculations that Trump could win the upcoming US elections. However, we are still two weeks away from the election, leaving plenty of time for the dollar to continue rising.

What’s crucial for the US dollar is the direction of US Treasuries, which are currently showing a five-wave decline from the September highs. This indicates a strong trend that we expect to resume after any three-wave corrections. In my opinion, with US Treasuries heading lower, the US dollar could rise towards the 107 resistance zone. But until we reach those levels, there could still be opportunities to go long on the dollar, especially if we see intraday pullbacks. Read more

US Yields: Possible For Move Down 3% Rather Than Back To 5%

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In the years following the economic reopening after COVID-19, U.S. Treasury yields surged as inflation spiked significantly.

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10 Year US Yields: Final Leg In A Bullish Sequence?

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The USD has recently demonstrated an upward trend, after higher inflation data last week but still below 3.3% expectations y/y.

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Gold Eyeing New Supports For a Bounce – Elliott Wave Analysis

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Last week, the US CPI exceeded expectations with a reading of 5.0%, resulting in a weaker US dollar (USD) at the beginning of the week.

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US Dollar Blog Post

Correction On USD Has Room For More Gains – Elliott Wave Analysis

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We have seen a major reversal on the markets in the last few weeks, firstly after the strong US jobs data for January and then also more dollar strength followed after worse-than-expected US CPI figures.

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US Dollar Blog Post

USD Trading In Fifth Wave Ahead Of The FED Rates Decision

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Traders have been waiting on this week for a long time, a week of volatility and opportunities as central banks will most likely move the markets.

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crystal ball

Making Sense of Central Banks in 2023!

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Central Banks & Markets Update Q1 2023 Markets in 2022 were mainly characterised by central bank tightening their monetary policy, but in 2023 it looks like these hiking cycles may be coming to an end.

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Chart of the Day – USDCNH – (January 4th, 2022)

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The USDCNH reversed lower last October and rode the USD weakness. Early December we broke through a H&S formation pattern and after a S/T consolidation we seem to be resuming the downside.

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