DXY - quick update after CPI

11 בנוב׳ 2022

CPI results were better than predicted, but the pace at which it gets lower each month is just so small, that I still see nothing bullish. I would even say that this could give the FED more pros to rise rates even higher to get things done quicker than they are doing. 7.7% is still a big figure so I keep my bearish bias - based on SPX and VIX - I don't see DXY going much lower. Treating this as a fakeout for now.