Analysis Week - 13 May 2024
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Above Cloud
Mid Term - Range
Looking for CPI to provide fresh direction for USD | DXY
- Favouring fresh USD shorts if CPI release is weaker, with a combination from a softer FOMC, NFP & Services Data
- In the event CPI release is better than consensus, will take trades according to corresponding price action