🗓 Economic Outlook – 2025-06-30 💹 RSI Divergence and Dollar Strength 🟢 Summary
A bearish divergence in the RSI combined with strong U.S. fundamentals suggests continued upward pressure on the Dollar Index (DXY). This trend may persist, particularly if upcoming economic data supports current expectations. 📊 Technical Insight
RSI Divergence Observed
On the DXY chart, we observe a hidden bullish divergence in the RSI, where price makes a higher low while RSI makes a lower low.
This pattern suggests potential continuation of the uptrend despite short-term corrections.
🧮 Fundamental Overview
ADP Employment Report (Wednesday)
Expected stronger results could support the dollar’s bullish trend through next week.
Watch for surprise upside in employment numbers.
NFP Index
Currently above 100, indicating a healthy U.S. economy.
Even if it reaches 120 as expected, the impact may be muted due to prior pricing-in by the market.
"I try to share an overview of the data a day in advance to give you a general perspective."
🔴Remember, the long-term outlook for the dollar is bearish.🔴
A bearish divergence in the RSI combined with strong U.S. fundamentals suggests continued upward pressure on the Dollar Index (DXY). This trend may persist, particularly if upcoming economic data supports current expectations. 📊 Technical Insight
RSI Divergence Observed
On the DXY chart, we observe a hidden bullish divergence in the RSI, where price makes a higher low while RSI makes a lower low.
This pattern suggests potential continuation of the uptrend despite short-term corrections.
🧮 Fundamental Overview
ADP Employment Report (Wednesday)
Expected stronger results could support the dollar’s bullish trend through next week.
Watch for surprise upside in employment numbers.
NFP Index
Currently above 100, indicating a healthy U.S. economy.
Even if it reaches 120 as expected, the impact may be muted due to prior pricing-in by the market.
"I try to share an overview of the data a day in advance to give you a general perspective."
🔴Remember, the long-term outlook for the dollar is bearish.🔴
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.