HELLO DEAR TRADERS
I think we have currently created a short-term bottom on DXY and we need to go retest the zone of interest
US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit.
We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates
The current one-time declaration of inflation numbers smaller than expected does not seem to me to be enough for the dollar to change its current trend. I haven't seen a single statement from the FED that they currently plan to ease the monetary policy of aggressively raising rates. If this opinion is still in their statements in December, despite the current numbers, I think we will go lower again on the equity markets. Do not forget that November and December may once again be the months when inflation shows that it is not yet at its peak. People spend a lot on Christmas
I think we have currently created a short-term bottom on DXY and we need to go retest the zone of interest
US PPI release yesterday was lower than expected and these numbers did not help us at all. Dollar takes another hit.
We will see how the FED reacts in mid-December to the positive feedback from the economy due to the increase in interest rates
The current one-time declaration of inflation numbers smaller than expected does not seem to me to be enough for the dollar to change its current trend. I haven't seen a single statement from the FED that they currently plan to ease the monetary policy of aggressively raising rates. If this opinion is still in their statements in December, despite the current numbers, I think we will go lower again on the equity markets. Do not forget that November and December may once again be the months when inflation shows that it is not yet at its peak. People spend a lot on Christmas
Сделка активна:
Dollar was rebound from the level of 108.5 this morning when LONDON session started and now slowly goes to create new short-term higher high
Комментарий:
The dollar didn't gain enough strength this morning and fell at the start of the London session and continues lower, I don't know if a retest will be possible if the dollar doesn't gain the necessary strength today
**In the last comment there is an error in the numbers but on the chart they are correct, instead of 108.5 it should be 105.8 !!!