The US dollar is experiencing a modest recovery on Wednesday morning. However, the current rebound still looks driven more by short covering than by a clearly strong wave of spot buying.
The dollar index plunged to a fresh multi-week low on Tuesday as hopes for a diplomatic solution to the Middle East conflict dampened safe-haven demand for the currency. The modest increase was triggered by comments from Chicago Fed President Austan Goolsbee, who suggested that Fed rate cuts may be delayed until 2027, depending on oil price trends. This tempered expectations for rate cuts in 2026, supporting the dollar’s rebound.
Conversely, the recent drop drove the hourly RSI down into the 20s, indicating an oversold condition that typically leads to some stabilization or relief bounce. However, this does not guarantee a bottom. The market may be approaching a temporary pause, but the damage to the structure is evident, with weakening short-term moving averages and neutral-to-bearish oscillator readings signaling potential further declines if bullish momentum is not restored. Fundamentally, if US-Iran tensions continue to ease and oil prices remain stable, this relief rally could lose momentum.
The 4-hour DXY chart offers a more detailed perspective on recent midterm movements. The rebound is marked by limited volume, suggesting a lack of strong conviction so far. Key short-term support is near 97.90, with resistance in the 98.60 to 98.70 range. If the index fails to break above this resistance, it could trigger another downward move toward 97.60, particularly if selling volume intensifies. The 98.60/70 level is crucial, having flipped from support to resistance after the recent decline.
On the other hand, a clear breakout and sustained trading above this zone would indicate that the recent 98.00 area might be a short-term bottom, potentially leading to the next significant upward move in the cycle.
Warning! This material is not intended as investment advice. Past performance data does not guarantee future returns. Investing in foreign currencies may affect your returns due to their fluctuations. Any transaction in securities may result in both profits and losses. The assumptions and expectations set forth in this material are only estimates that may not be accurate and may change depending on current economic conditions. These statements do not guarantee future returns.
9월 3일에 발표된 미국 거시경제 지표에 따르면, 서비스 부문의 활동은 강세를 보인 반면 고용은 여전히 부진한 것으로 나타났다. 기업들의 해고 규모는 적고 신규 수주는 급증하고 있음에도 불구하고, 서비스 부문의 고용은 계속해서 위축되고 있다. 동시에 기업들은 거의 4년 만에 가장 강력한 투입물가 상승 압력을 겪고 있다고 보고하고 있다. 따라서 통화 정책 측면에서 핵심 쟁점은 수요, 고용, 물가 간의 괴리이다.
더 보기 →많은 초보자들은 좋은 매매 기회를 찾기만 하면 하루 중 시간이 중요하지 않다고 생각합니다. 하지만 시장은 매 시간마다 똑같이 움직이지 않습니다. 활발히 거래하는 트레이더의 수가 변하고, 거래량이 변하며, 변동성이 달라지고, 심지어 가격 움직임의 양상도 달라질 수 있습니다. 활발한 시장 세션 중에 잘 통하던 매매 전략도 몇 시간 후에는 완전히 다른 양상을 보일 수 있습니다. 그렇기 때문에 경험 많은 트레이더들은 단순히 무엇을 거래할지뿐만 아니라, 언제 거래할지도 신중히 고려합니다.
더 보기 →