DXY:Will Fed Cut Rates in September?
تم تحديثه
Hey Traders,
In today's session, we're eyeing a potential selling opportunity in the DXY around the 104.600 zone. Currently, DXY is in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 104.600.
From a fundamental perspective, the downtrend in inflation and easing economic conditions in the US suggest that a rate cut might be on the horizon in September. This dovish environment could weaken the dollar further.
Stay cautious and trade safe,
Joe
In today's session, we're eyeing a potential selling opportunity in the DXY around the 104.600 zone. Currently, DXY is in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 104.600.
From a fundamental perspective, the downtrend in inflation and easing economic conditions in the US suggest that a rate cut might be on the horizon in September. This dovish environment could weaken the dollar further.
Stay cautious and trade safe,
Joe
ملاحظة
the us unemployment has been rising since Marchملاحظة
DXY attempting to break above 104.3, building it way to the trendملاحظة
Broke above 104.300, let's see where CPI will take us this week!ملاحظة
Broke above 104.400, almost in the trend!ملاحظة
Fed Pres Barkin: Fed will debate wether the inflation is still elevated or not!ملاحظة
Bank Of America expects a rate cut in Septemberملاحظة
DXY is testing the trend again!ملاحظة
Fed daly sees a decent improvement in inflation but not at the main target yetملاحظة
Fed's Williams: Central Banks must own the inflation control mission!
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