Disclaimer: I am a new unexperienced trader(first chart) therefore take everything with a pinch of salt.
Having looked at fed interest rates I believe that markets are expecting another rate cut(s) which are currently being priced in. Having looked at interest rates for the past 5 years expect more cuts too until 1.75-1.5. Looking at the monthly chart around 2014-2015 there were nice rises because of rate cuts. Therefore I expect movement of around this magnitude. Currently by the end of this month I expect dxy to end up AT LEAST around 95. Depending on trump and other hints at rate cuts it could easily end up around 90.
Feedback appreciated, thanks.
Having looked at fed interest rates I believe that markets are expecting another rate cut(s) which are currently being priced in. Having looked at interest rates for the past 5 years expect more cuts too until 1.75-1.5. Looking at the monthly chart around 2014-2015 there were nice rises because of rate cuts. Therefore I expect movement of around this magnitude. Currently by the end of this month I expect dxy to end up AT LEAST around 95. Depending on trump and other hints at rate cuts it could easily end up around 90.
Feedback appreciated, thanks.