US Dollar Index Macro View 10/11
The US Dollar Index for last week has break down below 12200 levels and came back up again during the season of US Midterm Elections and Federal Reserve’s monetary policy announcement. To no one’s surprise, further gradual increases of interest rates is to be seen in December. The long-term still remains as unchanged constructive for bull, till price stay below 12150 levels going forward. Looking into medium-term still remains unchanged, where the US Dollar Index could continue its way towards 12330 levels progresses. The short-term are suggesting constructive for bull when prices break above 12260 to be seen for upcoming week. Overall, the medium-term bull structure prevails until prices stays below 12100 levels.
As Sunday is a US Veteran Day, Monday will be a US Banks Holiday (Observance of Veterans Day). Wishing all US citizen, a happy holiday.
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
As Sunday is a US Veteran Day, Monday will be a US Banks Holiday (Observance of Veterans Day). Wishing all US citizen, a happy holiday.
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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