U.S. Dollar IndexShort
DXY SHORT TERM OUTLOOK
Potential double top formation at
106.5 -107 region before heading back
down. Breaking back below 105 continue
dollar weakness which will cause a rally in crypto
, stocks and gold.
Fundamental: need confirms on a slow
down in rate hike (actual interest rate
next Thursday)
Will only see dollar strength above 108 regions
where i can see further downside on Equities and gold.
Fundamental: Continue rate hikes with high
interest rate to lower inflation rate.
106.5 -107 region before heading back
down. Breaking back below 105 continue
dollar weakness which will cause a rally in crypto
, stocks and gold.
Fundamental: need confirms on a slow
down in rate hike (actual interest rate
next Thursday)
Will only see dollar strength above 108 regions
where i can see further downside on Equities and gold.
Fundamental: Continue rate hikes with high
interest rate to lower inflation rate.
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