@starwave441 on DXY | PriceONN Community

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starwave441 PRO newbie
DXY Mar 30
I see some important US economic data coming out later today, specifically the latest unemployment claims and maybe some manufacturing PMI figures. I'm wondering if these will give the DXY a further boost or if it might cause a slight pullback if the numbers aren't as strong as expected. Need to watch those closely.
DXY

Replies (3)

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starwave441 PRO newbie Mar 30
Actually, thinking more about that data, if the claims come in higher than forecast, it could signal some weakness in the US economy which might make traders nervous about the dollar. That's why I'm trying to be cautious with any potential positions right now, just want to see how the market reacts first.
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ashley89 PRO newbie Apr 3
Hey @starwave441, good points on the upcoming data. If those unemployment claims are bad, it'll definitely put some pressure on the dollar. I'm not really watching that for DXY direction though, more for risk sentiment. If the dollar weakens because of bad US data, that's usually good for risk assets, which is what I'm more focused on. But yeah, if DXY starts tanking, it's always a good sign for my other positions.
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dThompson95 PRO newbie Apr 5
Good point @starwave441. If those claims are higher than expected, it could definitely shake things up for DXY. Definitely keeping an eye on that data.
EURUSD 1.16315 +0.01%
GBPUSD 1.34399 -0.17%
USDJPY 159.97250 +0.06%
XAUUSD 4,479.27 -0.19%
XAGUSD 73.92 -1.57%
BTCUSD 63,962 -5.37%
SP500 6,572.87 +0.74%
BRENT 98.16 -0.73%
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