Very flat market as whole this week as market participants clearly await FED chairmen Powell's testimony today at Jackson Hole, his remarks on inflation, interest rates and the increasing chance of a recession will be priced into the market as it will give some clarity on whether we can expect more rate hikes - personally even after the previous rate was lower than expected, i am still expecting at least two- three more rate hikes this year ☠️📉
DXY Still testing the all important 108-109, 20 year resistance👀 If price does break this zone which I do believe it will - sooner or later there is A LOT of room to move upside- remember DOLLAR ON RISK OFF and vice versa.
All eyes on DXY and all ears on J.Powell, the event starts at 2pm GMT Powell testimony at 3pm GMT
DXY Still testing the all important 108-109, 20 year resistance👀 If price does break this zone which I do believe it will - sooner or later there is A LOT of room to move upside- remember DOLLAR ON RISK OFF and vice versa.
All eyes on DXY and all ears on J.Powell, the event starts at 2pm GMT Powell testimony at 3pm GMT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.