DXY Next Move
"After the sharp decline in the US dollar index due to the recent employment data and unemployment rate, we are facing an important event, which is the inflation data. If the data comes in high, this will be a shock and surprise to the market, and the index will rise again above 106.
The second scenario is a decrease in inflation, which is possible at the moment. If the data comes in low, the Federal Reserve will have a great opportunity to lower interest rates soon, especially in July and September, and most experts anticipate the decrease in November. This will be very negative for the dollar, and it will decrease to around 102.
Watch the chart carefully to understand, as the scenarios are depicted on it.
Good luck!"
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