Weekly Analysis DXY - ( 27 - 03 MAR )
Dollar domination back on the table with optimistic labor market data which was the main catalyst for the shift in market sentiment. Closing in to the end of the month, lower volume will be anticipated with deeper pullbacks on the dollar for better price set-ups for the new month AKA monthly rebalancing of prices.
Pull backs to 104.5 or impulse breaks above 105.5 will be expected for the continuation of dollar dominance. Incorporating both TA and FA, it is clearly visible that DXY will be retesting range highs at 107.5 taking it level by level.
Important events:
MON - Durable goods, Dalla Fed Man
TUE - Chicago PMI and Consumer Confidence
WED - Manufacturing PMI
THU - Jobless claims
FRI - Services PMI
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