The market's expectation of a less hawkish statement from the FED, and after the low inflation data, DXY (Dollar Curency Index) depreciated.
However, as long as there is no significant deterioration in the American economy, it is seen that the FED officials are determined to reduce inflation to the level of 2%.
Even if interest rate hikes stop, interest rates may remain high for a long time.
When we examine the daily maturity price chart;
The $1,066 level is an important support price and I expect the price to move up from this zone.
This uptrend could be a selling opportunity as the price is in an uptrend.
However, as long as there is no significant deterioration in the American economy, it is seen that the FED officials are determined to reduce inflation to the level of 2%.
Even if interest rate hikes stop, interest rates may remain high for a long time.
When we examine the daily maturity price chart;
The $1,066 level is an important support price and I expect the price to move up from this zone.
This uptrend could be a selling opportunity as the price is in an uptrend.
