hello trader's what do you think about this analysis ideas ๐๐ก๐ง)
dxy index flag bullish pattern for weekly analysis ideas ๐ก)
support level's and retest level's breakout resistance levels)
resistance levels 1.105.000
resistance levels 2.107.000
support level's 1.104.000
Support level's 2.103.000
following up with my trading ideas ๐๐ก๐)
Dollar posts steep weekly fall, trades below 150 yen
Nov 18, 202302:18 GMT+5
The dollar posted its second-steepest weekly decline versus other major currencies this year on Friday, while the yen strengthened sharply, and the dollar traded below 150 yen, as concerns grow about the weakening global economic outlook.
Cooler-than-expected U.S. inflation data on Tuesday and Wednesday hastened market expectations for how soon the Federal Reserve will cut rates. Such a move would weaken a major dollar support and could come as early as next year's first quarter.
The dollar index
DXY
, which measures the greenback against six other major currencies, slid to lows last seen on Sept. 1, while the yield on benchmark 10-year Treasury
US10Y
notes fell to a two-month low of 4.379%.
Data that showed U.S. single-family homebuilding increased marginally in October briefly supported the dollar, but with inflation the main market driver it remained lower on the day.