US Dollar Index Price Analysis: Looks consolidative near-term

DXY extends the side-lined trading above 90.00 on Friday.
Further upside targets the 2021 high near 90.70.

Pablo Piovano FXStreet

DXY remains in a consolidative-mode and manages well to keep the trade above the 90.00 mark for the time being.

If bulls regain control of the sentiment on a more serious stance, then the index could re-visit the so far YTD tops in the 90.70/75 band ahead of the weekly high in the 91.00 region (December 21). Above this level, the prevailing downside pressure is expected to mitigate somewhat.

In the longer run, as long as DXY trades below the 200-day SMA, today at 94.50, the negative view is forecast to prevail.

DXY daily chart

Dollar Index Spot

Overview
Today last price	90.41
Today Daily Change	24
Today Daily Change %	0.19
Today daily open	90.24

Trends
Daily SMA20	90.07
Daily SMA50	91.04
Daily SMA100	92.2
Daily SMA200	94.56

Levels
Previous Daily High	90.58
Previous Daily Low	90.07
Previous Weekly High	90.25
Previous Weekly Low	89.21
Previous Monthly High	92.02
Previous Monthly Low	89.52
Daily Fibonacci 38.2%	90.27
Daily Fibonacci 61.8%	90.39
Daily Pivot Point S1	90.01
Daily Pivot Point S2	89.79
Daily Pivot Point S3	89.51
Daily Pivot Point R1	90.52
Daily Pivot Point R2	90.8
Daily Pivot Point R3	91.03

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD struggles to build on recent rebound, holds above 1.1550

EUR/USD trades marginally lower on the day but holds above 1.1550 in the American session, following Thursday's rebound. The pair holds near its intraday high as the US Dollar remains pressured by hopes the Middle East conflict will soon come to an end.

GBP/USD hovers around 1.3400 as investors await war clarity

GBP/USD remains near its daily open, not far from 1.3400, in the second half of Friday's session. The US Dollar lost its previous intraday strength and weakens as investors await clarity on the US-Iran war.

Gold stabilizes above $4,200 as wait-and-see continues

After rising more than 3% on Thursday, Gold (XAU/USD) stabilized around the $4,200 mark in the American session on Friday. The US dollar seesaws between gains and losses, but remains within familiar levels as investors remain skeptical yet hopeful about a resolution to the Middle East conflict.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

SpaceX launches 24% higher at Friday debut

Space Exploration Technologies (SPCX), aka SpaceX, zoomed 24% higher soon after the start of its first IPO trading day on Friday. Shares of the rocket and artificial intelligence (AI) company founded by Elon Musk began trading at about 11:46 am EST and quickly gained speed.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.