US Dollar Price Analysis: Bulls eye a run towards 101.50s while in bullish territory

US Dollar bulls stay n charge and eye a continuation for the days ahead.
The next session could see a correction into a bullish support structure.

Ross J Burland FXStreet

The US Dollar rallied as global equities sold off on Thursday after data once again highlighted persistent US labour market strength. Also, we saw disappointing quarterly reports from Tesla and Netflix which soured investor appetite for tech and tech-adjacent market movers, sending the NYSE FANG+ index down 4.6% and propelling the Greenback higher.

The dollar index DXY rose 0.58% against a basket of trading currencies as the money markets continued to price in the Fed's overnight rate to rise to 5.41% in November and remain close to or above 5% until May 2024. On the charts, this leaves the Greenback looking bullish so long as it closes above the prior days' close and stays within bullish territory on the front side of the bullish trendline as follows:

DXY H4 chart

The imbalance between the last few closes is an internal area that could be mitigated in a correction in the sessions ahead but the bullish bias remains intact towards a test of 101.54 prior highs.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties.

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty.

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.