DXY:Will Fed Cut Rates in September?
מעודכן
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
הערה
the us unemployment has been rising since Marchהערה
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Broke above 104.300, let's see where CPI will take us this week!הערה
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Bank Of America expects a rate cut in Septemberהערה
DXY is testing the trend again!הערה
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Fed's Williams: Central Banks must own the inflation control mission!
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