USDX
108.158

0.64%

XAUUSD
1748.50

0.56%

WTI
90.638

0.79%

EURUSD
1.00362

0.51%

GBPUSD
1.17967

1.08%

USDJPY
137.147

0.93%

USNDAQ100
13237.02

2.10%

Global Markets

Home
News
Columns

Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

Situation in Taiwan Strait

Pelosi's visit to Taiwan has led to an escalation of tensions in the Taiwan Strait. Chinese Foreign Ministry spokesperson Hua Chunying said that the U.S. side and the "Taiwan independence" separatist forces colluded to provoke China, which is the fundamental reason for the tensions in the Taiwan Strait.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

7x24
Economic Calendar
Quotes

Videos

Trading AcademyTradersDaniel Market Outlook

Latest Update

Permits Will Be A Necessity In The Future! Or Else Get Blocked!

South Korea blocks Kucoin and other 15 unregistered crypto exchanges, while European Central Bank is working on some guidance on licensing crypto assets. Will the crypto market be regulated soon in the future?

Urgent! Transactions Will Be Paused During The Merge?

Coinbase announced that they will pause new Ethereum and ERC-20 token deposits and withdrawals during the Merge as a precautionary measure. Shiba Inu, had a surge of more than 26% recently when the exact Merge date was officially released, will there be another spike?

U.S. Treasury Imposes Sanctions on Tornada Cash, Did They Reach Too Far?

U.S. Department of The Treasury has imposed sanctions on Tornado Cash because Tornado Cash has reportedly laundered more than $7 billion worth of crypto. This includes over $455 million stolen by the Lazarus Group. why do hackers want to choose Tornado Cash?

A Supply Shock Before ETH2.0, When Should I Close My Buy Position?

Bitcoin Rebounces After July CPI Releases; There Is A Supply Shock Before ETH2.0; Binance And Mastercard Launch Prepaid Card in Argentina; This is the time!?!

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Analysis
AI Signals

Trading Signals

Recommended Signals

Pro
Recent Searches
    Trending Searches
      Quotes
      7x24

      View All

      No data

      Login

      Sign Up

      FastBull user

      • My Favorites
      • Following
      • My Subscription
      • Personal Info
      • Orders
      • Account Settings
      • Sign Out
      English
      • English
      • 简体中文
      • 繁體中文
      Reminder Settings
      • Economic Calendar
      • Market Quotes

      Reminders Temporarily Unavailable

      Feedback
      0 /250
      • Attach an Image
      • Attach an Image
      • Attach an Image
      • Attach an Image
      0/4
      Contact Information (optional)
      Submit
      邀请好友,获取现金奖励!

      USDX: Recession Fears Continue to 'Haunt' the USD, Which Could Continue to Weaken

      Summary:

      The US July ISM manufacturing index released yesterday recorded its lowest value since June 2020. Recession fears could continue to "haunt" the US dollar (USD).

      Sell USDX
      End Time
      CLOSED

      105.860

      ENTRY PRICE

      105.000

      TGT PRICE

      106.300

      SL PRICE

      108.158 +0.683 +0.64%

      440

      Points

      Loss

      105.000

      TGT PRICE

      106.366

      CLOSING

      105.860

      ENTRY PRICE

      106.300

      SL PRICE

      Fundamentals

      The USD fell by 0.4% on Monday, falling for the fourth consecutive session. This was the result of market fears of a recession in the US economy. The US July ISM manufacturing index released yesterday recorded at 52.8, the lowest value since June 2020. In the new orders index, only computer and electronic products saw an increase in new orders in the six major manufacturing sectors. Lead times remain at elevated levels, and fundamental raw material prices continue to persuade buyers to remain on the sidelines. The concern over the slowdown in economic growth in the future and the impact of additional orders on manufacturing inventories also contributed to the pause in orders. Due to the weakness in new orders, backlogs of orders continued to decrease.
      Overall, this data does not perform well, and recession fears could continue to "haunt" the USD.

      Technical Analysis

      In the 4-hour chart, the USD is in the descending channel overall. The USD failed in its attempt to hit the bottom of the descending channel yesterday and is still hovering near it. It is essential to focus on this support level, as a break below this level will start a new round of declines. There is much resistance above the USD in the short term. Only if it rises above 107.254 will the ascending trend resume. In terms of indicators, the Stoch, DMI, and Ichimoku chart all suggest that the USD will rise in the short term. It is recommended to go short after the rise.
      USDX: Recession Fears Continue to 'Haunt' the USD, Which Could Continue to Weaken_1

      Trading Recommendations

      Trading direction: Short
      Entry price: 105.860
      Target price: 105.00
      Stop loss: 106.30
      Support: 105.00/104.698
      Resistance: 105.559/106.215/106.866
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to AI News

      Quick Access to Editor-selected News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      Market quotes in the free version update every 3 seconds. Market quotes in the paid version update in real-time.

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Jason

      Analyst

      I have an in-depth study of fundamentals, especiaslly for the US dollar market. I'm good at short and medium term trading by virtue of my profound financial theoretical knowledge and extensive practical experience.

      Rank

      6

      Articles

      314

      Win Rate

      48.04%

      P/L Ratio

      1.29

      Focus on

      USDX, EURUSD, GBPUSD

      Related Analysis

      EURUSD: Weak in Europe and Strong in the US with the Euro Expected to Hit Parity Again

      PENDING

      USDX: Officials Changed Market Expectations, Providing Support for the USD

      PENDING

      EURUSD: Euro Oscillates in the Short Term, with the Outlook Not Promising

      EXPIRED

      USDX: Minutes Expected to Send USD Higher

      PROFIT +754 Points

      EURUSD: The Euro May Continue to Rebound in the Short Term with Weak Situation in High Possibility

      EXPIRED
      FastBull
      TelegramInstagramTwitterApp StoreApp StoreApp StoreGoogle Play
      Copyright © Fastbull Ltd
      Home News Columns AI News Economic Calendar Quotes Videos Data WarehouseAnalysis AI Signals Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.