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Fitch maintains AA+ credit rating for the U.S. despite governance challenges.đșđČâïž
Fitch Ratings, a renowned international credit rating agency, has upheld the United States' long-term foreign currency credit rating at "AA+" with a stable outlook. This confirmation is underpinned by various economic strengths, including the sheer size of the U.S. economy, high per capita income, and a dynamic business environment.
However, the report also sheds light on governance challenges that have emerged over the past two decades. Notably, increased political polarization and complexities surrounding budget processes, driven by concerns about debt limits and government shutdowns, have contributed to a decline in governance standards.
One of the key strengths supporting the credit rating is the U.S.'s status as a provider of the leading global reserve currency, the U.S. dollar. Fitch recognizes the country's ability to export its currency without relying on extraordinary financial flexibility.
Nevertheless, the affirmation comes with a cautionary note about the impact of governance issues on fiscal confidence. The report suggests that these challenges may hinder the implementation of a reliable medium-term fiscal consolidation plan, raising concerns about the nation's financial trajectory.
Looking ahead, Fitch Ratings highlights the upcoming presidential and congressional elections as pivotal moments that could significantly shape policies, legislations, and the overall governance landscape. The outcomes of these elections are expected to have a profound impact on the trajectory of the United States' economic policies.
The U.S. maintains a strong "AA+" credit rating, reflecting enduring economic strengths. Governance challenges need attention for a sustainable fiscal future, with upcoming elections pivotal for the nation's global economic direction.
#Fitch #FitchRatings #usa #Dollar #UnitedStates
Fitch Ratings, a renowned international credit rating agency, has upheld the United States' long-term foreign currency credit rating at "AA+" with a stable outlook. This confirmation is underpinned by various economic strengths, including the sheer size of the U.S. economy, high per capita income, and a dynamic business environment.
However, the report also sheds light on governance challenges that have emerged over the past two decades. Notably, increased political polarization and complexities surrounding budget processes, driven by concerns about debt limits and government shutdowns, have contributed to a decline in governance standards.
One of the key strengths supporting the credit rating is the U.S.'s status as a provider of the leading global reserve currency, the U.S. dollar. Fitch recognizes the country's ability to export its currency without relying on extraordinary financial flexibility.
Nevertheless, the affirmation comes with a cautionary note about the impact of governance issues on fiscal confidence. The report suggests that these challenges may hinder the implementation of a reliable medium-term fiscal consolidation plan, raising concerns about the nation's financial trajectory.
Looking ahead, Fitch Ratings highlights the upcoming presidential and congressional elections as pivotal moments that could significantly shape policies, legislations, and the overall governance landscape. The outcomes of these elections are expected to have a profound impact on the trajectory of the United States' economic policies.
The U.S. maintains a strong "AA+" credit rating, reflecting enduring economic strengths. Governance challenges need attention for a sustainable fiscal future, with upcoming elections pivotal for the nation's global economic direction.
#Fitch #FitchRatings #usa #Dollar #UnitedStates
The #Dollar is Breaking Down and losing critical horizontal Weekly Support !
This is why $BTC is currenty Pumping !
This is why $BTC is currenty Pumping !
Saudi Arabia just ended the petrodollar agreement: What's next for the dollar, Bitcoin, and gold?
If big oil producers like Saudi Arabia start using other currencies for oil sales, the US dollar might lose its top spot as the global reserve currency, which could make the dollar less valuable.
Some think Bitcoin could come out on top if the petrodollar system weakens. But Bitcoinâs price is too unpredictable for big oil transactions right now.
When the economy is uncertain, gold is a popular choice for investors. If the petrodollar system gets shaken up, demand for gold could rise, pushing its price up.
$BTC #Gold #petrodollar #Dollar
If big oil producers like Saudi Arabia start using other currencies for oil sales, the US dollar might lose its top spot as the global reserve currency, which could make the dollar less valuable.
Some think Bitcoin could come out on top if the petrodollar system weakens. But Bitcoinâs price is too unpredictable for big oil transactions right now.
When the economy is uncertain, gold is a popular choice for investors. If the petrodollar system gets shaken up, demand for gold could rise, pushing its price up.
$BTC #Gold #petrodollar #Dollar
Dollar Dumping Hard !
The #Dollar is breaking down from this weekly consolidating formation and fell below important support
This is Bullish for #Bitcoinâ , #stocks and Assets in general !
The #Dollar is breaking down from this weekly consolidating formation and fell below important support
This is Bullish for #Bitcoinâ , #stocks and Assets in general !
The US Dollar index (DXY) gives us further insights across the general markets. I am aiming to send regular updates on day-to-day basis.
Traders and speculators are fully aware that the DXY index is a relative measure of strength value against six major currencies namely Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc. The index was created in 1973, but remains useful to this day.
Based on my observations, the DXY index is one of the tools that is useful to get trading confluences or confirmations from to help me on my trading decisions across the markets I speculate/trade with including Forex, Cryptocurrency, Stocks, Commodities and Indices. Although one must not fully rely on it and do utmost due diligence.
The US dollar index can be directly traded depending on the broker of your choice. Trading involves risk.
For the intraday, I am expecting the index to find support on 103.90-104.10 range if it cannot trade back inside the two 4H FVGs I drawn in the chart below.
The index just printed a new 82-day high as our immediate resistance confirmed by the double top candles shown. Switch to the daily chart to see the double top clearly.
On top of that, thereâs also a huge 1D gap as massive resistance to be cleared first if dollar wants to go higher.
However, if price goes back inside the two 4H FVG territories especially if able to completely retrace the bearish FVG, then thereâs a probability for a new high!
On fundamental side, the Greenback gained bullish momentum with no possible March rate cuts, strong NFP and unemployment data recently.
Next week will have CPI figures report and the index is still likely to have strong bids.
Full read here:
https://www.finlogix.com/analysis/20240207/us-dollar-dxy-index-intraday-analysis-for-february-7-2024
#Write2Earn #DXY #USDollar #USD #Dollar
Traders and speculators are fully aware that the DXY index is a relative measure of strength value against six major currencies namely Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc. The index was created in 1973, but remains useful to this day.
Based on my observations, the DXY index is one of the tools that is useful to get trading confluences or confirmations from to help me on my trading decisions across the markets I speculate/trade with including Forex, Cryptocurrency, Stocks, Commodities and Indices. Although one must not fully rely on it and do utmost due diligence.
The US dollar index can be directly traded depending on the broker of your choice. Trading involves risk.
For the intraday, I am expecting the index to find support on 103.90-104.10 range if it cannot trade back inside the two 4H FVGs I drawn in the chart below.
The index just printed a new 82-day high as our immediate resistance confirmed by the double top candles shown. Switch to the daily chart to see the double top clearly.
On top of that, thereâs also a huge 1D gap as massive resistance to be cleared first if dollar wants to go higher.
However, if price goes back inside the two 4H FVG territories especially if able to completely retrace the bearish FVG, then thereâs a probability for a new high!
On fundamental side, the Greenback gained bullish momentum with no possible March rate cuts, strong NFP and unemployment data recently.
Next week will have CPI figures report and the index is still likely to have strong bids.
Full read here:
https://www.finlogix.com/analysis/20240207/us-dollar-dxy-index-intraday-analysis-for-february-7-2024
#Write2Earn #DXY #USDollar #USD #Dollar
So we are looking for the DXY to dump to the downside out of this rising wedge. If it makes a flag and hangs out up here, that's no good for #bitcoin . So we wanna see the head and shoulder break back into the pattern below. We need to see this break to the downside, we got the bearish divergence, it doesn't look amazing, we are getting overbought on the 4-Hour TF, its time to come to roost #Dollar Index
#crypto2023 #dyor #notafinancialadvice
#crypto2023 #dyor #notafinancialadvice
Dollar Index chart update - currently dipping under 2022 close but still within order block. Looks like will go down to January close around 102
#DXY #Dollar #DollarIndex
#DXY #Dollar #DollarIndex
Happy Tuesday.
More than ten hours from now, the US Inflation data report will be released.
I expect markets to be very volatile before and after this major economic news comes out.
Who knows we might see a classical buy rumours sell news and vice versa.
My previous trade plan has exited in profit:
https://www.finlogix.com/analysis/20240207/us-dollar-dxy-index-intraday-analysis-for-february-7-2024
As I have expected, the 103.90-104.10 range has offered supported resulting a trade back into the two 4H FVGs and printed a new lower high.
This recent local top will be the intermediate swing high resistance for the week.
I can see a clear 104.30 resistance and 103.90 support forming a close range.
My bias is a weaker US dollar speculating an improved inflation report and I am looking for a 3.0 risk:reward sell setup.
The entry point is a re-test back inside the two 4H FVG combined areas and just little above the near 104.30 resistance to collect buy side liquidity and a strong rejection commences towards my TP target at 50% fib retracement July 2023 low to October 2023 high.
If my analysis is wrong, I will risk a stop loss just above the double top candles hinting a new higher price discover for the Greenback once inflation figures are higher than expected.
Re-assessing the US Dollar DXY index high timeframe candles:
Yearly Candle: Still a Green Shaven Bottom
Monthly Candle: Still a Green Spinning Top
Weekly Candle: Previous close is a Green Shooting Star current is a Small Green Hammer
Daily Candle: Yesterdayâs close is a Long Legged Green Doji
All the high timeframe candles continue to support the DXY uptrend.
The upcoming Inflation figures are crucial and the result will decide the Dollarâs next move.
Be safe always. Trading involves risk.
Have a great trading day ahead and good luck.
#Write2Earn #US #Dollar #CPI #Inflation
More than ten hours from now, the US Inflation data report will be released.
I expect markets to be very volatile before and after this major economic news comes out.
Who knows we might see a classical buy rumours sell news and vice versa.
My previous trade plan has exited in profit:
https://www.finlogix.com/analysis/20240207/us-dollar-dxy-index-intraday-analysis-for-february-7-2024
As I have expected, the 103.90-104.10 range has offered supported resulting a trade back into the two 4H FVGs and printed a new lower high.
This recent local top will be the intermediate swing high resistance for the week.
I can see a clear 104.30 resistance and 103.90 support forming a close range.
My bias is a weaker US dollar speculating an improved inflation report and I am looking for a 3.0 risk:reward sell setup.
The entry point is a re-test back inside the two 4H FVG combined areas and just little above the near 104.30 resistance to collect buy side liquidity and a strong rejection commences towards my TP target at 50% fib retracement July 2023 low to October 2023 high.
If my analysis is wrong, I will risk a stop loss just above the double top candles hinting a new higher price discover for the Greenback once inflation figures are higher than expected.
Re-assessing the US Dollar DXY index high timeframe candles:
Yearly Candle: Still a Green Shaven Bottom
Monthly Candle: Still a Green Spinning Top
Weekly Candle: Previous close is a Green Shooting Star current is a Small Green Hammer
Daily Candle: Yesterdayâs close is a Long Legged Green Doji
All the high timeframe candles continue to support the DXY uptrend.
The upcoming Inflation figures are crucial and the result will decide the Dollarâs next move.
Be safe always. Trading involves risk.
Have a great trading day ahead and good luck.
#Write2Earn #US #Dollar #CPI #Inflation
The Greenback will be heavily dependent on the CPI outcomes tonight.
Intraday Analysis
Re-assessing the US Dollar DXY index high timeframe candles:
Yearly Candle: Last check is a Green Shaven Bottom now an Inverted Green Hammer
Monthly Candle: Last check is a Small Red Body with a very Short Head Wick now a Red Body with Longer Tail Wick
Weekly Candle: Previous close is a Red Body with Longer Tail Wick current is developing a Small Green Spinning Top
Daily Candle: Previous close is a Green Spinning Top current is developing a Green Body
The yearly candle mutation is concerning. Itâs like the US Dollar index is giving up its gains.
Contrary, the monthly and weekly candles have found support around 101.90-102 levels.
The daily candle is also showing some signs of holding near support levels.
If we assume that the current down wave is finished which started on February 14 and bottomed on March 8, then a new up wave could be starting ending the 23-day down trend.
But itâs too early to say until the CPI results tonight go in full favor of the Greenback.
Trade Plan
Mixed Friday results resulted further selling.
I am rooting for a corrective structure for this week meaning the DXY goes up first before the next drop lower.
A similar 1H 5-wave corrective structure from 103.43 to 104.29 that resulted further selling.
It will be bad idea to sell the already oversold Greenback so I will be buyer for now anticipating a stronger CPI figures tonight.
Consolidation already in its discount array since last weekâs entry.
These are the following long entries:
Buy Entry: 102.85
Stop Loss: 102.65
Take Profit: 103.15
Risk to Reward Ratio: 1.50
Conclusion
I will buy a market price, taking profit on the bearish 4H FVG full retracement and put the stop loss a little below March 10 lows.
Good luck on this one!
Trading involves risk.
Full read:
https://www.finlogix.com/analysis/20240312/us-dollar-dxy-intraday-analysis-and-trading-plan-for-march-12-2024
#DXY #US #Dollar
Intraday Analysis
Re-assessing the US Dollar DXY index high timeframe candles:
Yearly Candle: Last check is a Green Shaven Bottom now an Inverted Green Hammer
Monthly Candle: Last check is a Small Red Body with a very Short Head Wick now a Red Body with Longer Tail Wick
Weekly Candle: Previous close is a Red Body with Longer Tail Wick current is developing a Small Green Spinning Top
Daily Candle: Previous close is a Green Spinning Top current is developing a Green Body
The yearly candle mutation is concerning. Itâs like the US Dollar index is giving up its gains.
Contrary, the monthly and weekly candles have found support around 101.90-102 levels.
The daily candle is also showing some signs of holding near support levels.
If we assume that the current down wave is finished which started on February 14 and bottomed on March 8, then a new up wave could be starting ending the 23-day down trend.
But itâs too early to say until the CPI results tonight go in full favor of the Greenback.
Trade Plan
Mixed Friday results resulted further selling.
I am rooting for a corrective structure for this week meaning the DXY goes up first before the next drop lower.
A similar 1H 5-wave corrective structure from 103.43 to 104.29 that resulted further selling.
It will be bad idea to sell the already oversold Greenback so I will be buyer for now anticipating a stronger CPI figures tonight.
Consolidation already in its discount array since last weekâs entry.
These are the following long entries:
Buy Entry: 102.85
Stop Loss: 102.65
Take Profit: 103.15
Risk to Reward Ratio: 1.50
Conclusion
I will buy a market price, taking profit on the bearish 4H FVG full retracement and put the stop loss a little below March 10 lows.
Good luck on this one!
Trading involves risk.
Full read:
https://www.finlogix.com/analysis/20240312/us-dollar-dxy-intraday-analysis-and-trading-plan-for-march-12-2024
#DXY #US #Dollar
Join first & get free 10$. First Claim now đđ
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đš BREAKING đš
ELON MUSK HAVE POSTED A JOKE
ABOUT A SCAM COIN AND THAT
SCAM COIN IS U.S. DOLLAR đ
THIS MAN IS KING OF MEMES.
#HotTrends #NEAR #Dollar #Fun âŽïž#Elon
ELON MUSK HAVE POSTED A JOKE
ABOUT A SCAM COIN AND THAT
SCAM COIN IS U.S. DOLLAR đ
THIS MAN IS KING OF MEMES.
#HotTrends #NEAR #Dollar #Fun âŽïž#Elon
