US Dollar closes a winning week as hawkish bets on the Fed on March rise
انتشار: بهمن 14، 1402
بروزرسانی: 29 خرداد 1404

US Dollar closes a winning week as hawkish bets on the Fed on March rise

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  • The DXY rose by more than 0.80% to 103.90 on Friday
  • US Nonfarm Payrolls came in higher than expected for January.
  • US bond yields are sharply increasing as markets push to May the start of the easing cycle.
Higher interest rates overall weigh on the price of Gold because they increase the opportunity cost of holding Gold instead of investing in an interest-bearing asset or placing cash in the bank.
If interest rates are high that usually pushes up the price of the US Dollar (USD), and since Gold is priced in Dollars, this has the effect of lowering the price of Gold.



منبع: https://www.fxstreet.com/news/us-dollar-edges-lower-following-strong-nfps-202402021754

The indicators on the daily chart indicate a dominance of buying pressure, despite some contrasting signals. The Relative Strength Index (RSI) gliding on a positive slope and in positive territory suggests a build-up of buying momentum, which is further solidified by the rising green bars of the Moving Average Convergence Divergence (MACD). However, mixed signals emanate from the Simple Moving Averages (SMAs). Although the index is above both the 20-day and 200-day SMAs, signifying a bullish outlook, it remains below the 100-day SMA, indicating a bearish hindrance.

نویسنده: تیم تحریریه رضا خانتاراج