# U.S. Dollar Index (DX) Futures Technical Analysis – Price Action Suggests Traders Expecting Hawkish Fed Tone | FXEmpire

> Technical analysis of the December US Dollar Index futures notes the index closed nearly 1% higher on Monday ahead of the FOMC meeting. Traders are pricing roughly a 50% chance of a 50bp hike in December.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39329-u-s-dollar-index-dx-futures-technical-analysis-price-action-suggests-traders
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar ahead of the Fed decision tends to pressure dollar-denominated commodity prices, though the light volume signals a wait-and-see market.

## Read by commodity

- DXY: bullish ▲

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/u-s-dollar-index-dx-futures-technical-analysis-price-action-suggests-traders-expecting-hawkish-fed-tone-1180450

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.