Recently, the decline of the dollar index has also received widespread attention, and everyone is curious about what the dollar has to fall like after rising so much. The recent decline in the U.S. dollar index is closely related to the data released by the United States.
Moody's, another international rating agency that downgraded New York Community Bank's credit rating to "junk" last month, downgraded its credit rating further. The downgrade of the bank by two major international rating agencies comes just a day after the small-to-medium-sized bank, which focuses on commercial real estate, said it found "significant shortcomings" in the way it tracks loan risk and the path it takes.
On Friday, the U.S. dollar index remained ranged in Asia and Europe**, and the U.S. market ended down 0243% to 10388。The yield on the benchmark 10-year Treasury note ended up at 4186%；The yield, which is sensitive to interest rates, ended up at 4533%。
The three major U.S. stock indexes rose together. The Dow closed up 023%, the S&P 500 rose 08%, the Nasdaq rose 114%, with the latter two hitting new all-time highs. Nvidia (NVDA.)o) closed up 4%, * with a market capitalization of more than $2 trillion. New York Community Bank (NYCB.)n) plunged nearly 26% to 3$55, the cumulative decline since the beginning of this year has reached 65%.
In response to the above news, the Fed is likely to cut interest rates early, and although labor demand has eased, the labor market is still "relatively tight".
Today, everyone is concerned about the United States' humanitarian assistance to the Palestinian people in Gaza, which is like giving you a slap in the face and an insignificant piece of candy. To sum up, the overall decline of the US economy has been prepared in various ways to "remedy".
Let's take a look at the technical side.
Let's briefly take a look at the 30-minute U.S. dollar index chart in the past three days, from the top of the Bollinger band to see that the first circle has ushered in a wave of relatively stable **, and the current trend Bollinger band has a narrowing trend, and the Bollinger band is large before the narrowing of the upper and lower rails, which leads to a one-to-two-day range**. In the short term, this ** has fallen below the middle track, although the formation of a negative area of the golden cross below, but the signal of ** is not strong, so in the short term, it will be a downward fluctuation signal.
Let's take a look at the 4-hour U.S. dollar index chart in the past month, from the MACD below to see the positive area of the previous two circles, which is already indicating a slight diving trend, but from the subsequent fast and slow line trend has been fluctuating in the negative area, and the corresponding upper Bollinger Bands have no obvious expansion meaning. The last positive zone is also a sign that the dollar will continue to move downward. Based on the analysis of the two dimensions, if the Fed does not carry out strong measures, there is still a great opportunity to enter the market and go short. Friends who want to enter the market can look at the trend line from my Bollinger band and pay attention to the lower point of the take profit.
The above content is a personal opinion and is not used as a basis for investors. If you agree with my point of view. Welcome to follow, like, **If you disagree with my point of view, welcome to follow and discuss.
Finally, I hope that you can make wise investment decisions based on your investment goals and risk tolerance.