DXY (US Dollar Index)
An index measuring the US dollar against six major currencies (weighted toward the euro); it shows the dollar's overall direction at a glance.
When DXY rises, EURUSD tends to fall and gold tends to come under pressure (inverse correlation). The index futures contract trades on ICE, and on charts it's tracked under the TVC:DXY symbol.
Checking DXY's direction before opening a trade on a single pair shows whether you're aligned with the "dollar story."
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