The Wealth Whisper
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Wealth Whisper
No Result
View All Result
Home Investing

The dollar index continues to pull back to a new low

by
March 20, 2025
in Investing
0
The dollar index continues to pull back to a new low
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The dollar index continues to pull back to a new low

On Tuesday, the dollar index managed to climb up to 104.80 level.

Dollar chart analysis

On Tuesday, the dollar index managed to climb up to 104.80 level. After the formation of the weekly high, the index began to lose volume and turn to the bearish side. We saw an attempt to hold above the 104.50 level, but it all ended in failure for the dollar. The decline did not stop there, but we saw a continuation today. During this morning’s Asian trading session, the dollar index initiated a strong bearish consolidation, falling below the EMA 200 and the weekly open price.

That step only strengthened the bearish momentum, which continued to push us lower to a new weekly low at 103.93. Even the potential support at the 104.00 level did not last, but we saw a break below. Based on the current picture, we can expect further retreat and a new lower low formation. Potential lower targets are the 103.90 and 103.80 levels.

 

The Fed decides tonight on the fate of the dollar, will it save it from further decline?

For a bullish option, the dollar index needs to stabilize above the 104.00 level to begin with. If the index succeeds in this, it can hope for a recovery and a move to the bullish side. After that, it should start a bullish consolidation and move to higher levels. Potential higher targets are the 104.10 and 104.20 levels.

We expect very important news from the US market tonight: the Fed will announce the future interest rate. This is a crucial event that could significantly influence the market. Economists forecast that the interest rate could remain at 5.50%. Half an hour later, we have a press conference that could indicate the Fed’s future monetary policy.

 

The post The dollar index continues to pull back to a new low appeared first on FinanceBrokerage.

Previous Post

Nvidia Stock Tumbles on Earnings Anticipation and AI Rivalry

Next Post

BNGO Stock: BioNano Genomics Analysis and Forecast

Next Post
BNGO Stock: BioNano Genomics Analysis and Forecast

BNGO Stock: BioNano Genomics Analysis and Forecast

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

    Ben & Jerry’s co-founder resigns, claiming parent company Unilever ‘silenced’ its campaigning

    September 18, 2025
    ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund

    ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund

    June 1, 2024
    Bitcoin Price Prediction: BTC Soars to $67,900; Mixed US Inflation Data & Fed Rate Cut Hopes Fuel Rally

    Bitcoin Price Prediction: BTC Soars to $67,900; Mixed US Inflation Data & Fed Rate Cut Hopes Fuel Rally

    June 1, 2024
    Matter Labs Withdraws ‘ZK’ Trademark Application After Industry Backlash

    Matter Labs Withdraws ‘ZK’ Trademark Application After Industry Backlash

    June 3, 2024
    China accuses US of yearslong cyberattack on national time service

    China accuses US of yearslong cyberattack on national time service

    0
    Dogecoin Holders Flock to New DOGE Alternative, Betting on Huge 1000x Returns

    Dogecoin Holders Flock to New DOGE Alternative, Betting on Huge 1000x Returns

    0
    Bitcoin Price Prediction: BTC Soars to $67,900; Mixed US Inflation Data & Fed Rate Cut Hopes Fuel Rally

    Bitcoin Price Prediction: BTC Soars to $67,900; Mixed US Inflation Data & Fed Rate Cut Hopes Fuel Rally

    0
    ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund

    ARK Invest Drops Partnership with 21Shares for Proposed Ethereum Fund

    0
    China accuses US of yearslong cyberattack on national time service

    China accuses US of yearslong cyberattack on national time service

    October 21, 2025
    Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub

    Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub

    October 21, 2025
    GOP gubernatorial hopeful predicts shutdown fight will haunt Dems in critical elections

    GOP gubernatorial hopeful predicts shutdown fight will haunt Dems in critical elections

    October 21, 2025
    Biden ‘rang the bell’ after completing radiation therapy for prostate cancer

    Biden ‘rang the bell’ after completing radiation therapy for prostate cancer

    October 21, 2025

    Recent News

    China accuses US of yearslong cyberattack on national time service

    China accuses US of yearslong cyberattack on national time service

    October 21, 2025
    Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub

    Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub

    October 21, 2025
    GOP gubernatorial hopeful predicts shutdown fight will haunt Dems in critical elections

    GOP gubernatorial hopeful predicts shutdown fight will haunt Dems in critical elections

    October 21, 2025
    Biden ‘rang the bell’ after completing radiation therapy for prostate cancer

    Biden ‘rang the bell’ after completing radiation therapy for prostate cancer

    October 21, 2025

    Popular News

    China accuses US of yearslong cyberattack on national time service

    China accuses US of yearslong cyberattack on national time service

    October 21, 2025
    Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub

    Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub

    October 21, 2025

    Latest News

    • China accuses US of yearslong cyberattack on national time service
    • Trump’s Operation Warp Speed sparks GOP call for Nobel Peace Prize after ceasefire snub
    • GOP gubernatorial hopeful predicts shutdown fight will haunt Dems in critical elections
    • Biden ‘rang the bell’ after completing radiation therapy for prostate cancer

    About TheWealthWhisper

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thewealthwhisper.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2025 thewealthwhisper.com | All Rights Reserved