Read more
8:29 AM · 13 November 2024

Chart of the day - USDIDX (13.11.2024)

-
-
Open account Download free app

Since its local low at the beginning of October, the dollar has gained 6%. This is the most dynamic increase since the beginning of consolidation nearly two years ago.

The catalyst for such a strong move was, of course, the presidential elections and the extension of the so-called Trump Trade. However, on other instruments (stocks and bonds), we are already observing a slowdown in gains and some profit-taking. In contrast, the USD continues to appreciate. The USDIDX is trading today up 0.16% around 106 points. The market has fully priced in Donald Trump's victory, with gains even taking on a more speculative and euphoric tone. Considering that the Republicans will take power at the end of January 2025, markets are already pricing in Donald Trump's presidency before the official transition.

From a technical perspective, the last six weeks of dynamic gains have pushed the USDIDX index to the upper boundary of a two-year consolidation channel above 106 points. Furthermore, strong moves in the dollar are being observed during a period when the Fed has started cutting interest rates. Given this, the potential for further gains seems limited. For bulls, the most important resistance level remains the zone above 106 points.

 

Source: xStation 5

9 March 2026, 6:44 AM

Economic calendar: US CPI Inflation the Most Important Report of the Week 🔎

9 March 2026, 6:36 AM

Market wrap (09.03.2026)

6 March 2026, 6:59 PM

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher

6 March 2026, 4:47 PM

Three markets to watch next week (06.03.2026)

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits