• Trader Tai

Can The Dollar Index Go Higher?

Numerous events are taking place ahead of NY open, could we see a move in the dollar index?

Events to look out for are:


  • Initial Jobless Claims

  • Durable Goods

  • Gross Domestic Product (GDP)

These would be the ones I will be focusing on today given they are the most volatile


US Events - One Percent Trading Group

Initial Jobless Claims


Experts are expecting a drop in the jobless claims as its sitting at the moment at 412k



Initial Jobless Claims - One Percent Trading Group

Durable Goods Orders


Experts are looking for a positive result in Durable Goods Orders push from the -1.3 mark



Durable Goods Orders - One Percent Trading Group

Gross Domestic Product (GDP)


Experts looking to annualise the growth rate at 6.4%, given a positive result in strengthen the economy



Gross Domestic Product - One Percent Trading Group

Durable Goods Orders vs GDP


GDP compared with Durable goods orders a positive turn could push GDP up in the future



Durable Goods Orders vs GDP

US Dollar Index


Could we see a rise in the US dollar index after the news events ready for NY open


US Dollar Index

US Bond Yields


US 10Y & 30Y Bond yields has been taking a hit despite the rise in US dollar Index


US 10Y & 30Y Bond Yields

Trader Tai

Strategist


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