U.S. Dollar Index
Short
Updated

DXY ANALYSIS 11/07/24

298
Scenario 1: Higher CPI

Bullish Factors:
High Treasury Yields: Higher CPI indicates increased inflation, prompting the Federal Reserve to consider raising interest rates, leading to higher treasury yields.
Low Unemployment: An overheating economy typically shows low unemployment rates.
Overheating Economy: Inflationary pressures suggest strong economic activity, which can boost the DXY.

Technical Targets:

If the CPI data surpasses expectations, the DXY could move towards the resistance levels indicated in the chart around 108.073 to 108.403.


Scenario 2: Lower CPI

Bearish Factors:

Decreasing Treasury Yields: Lower CPI suggests deflationary pressures, potentially leading the Fed to lower or maintain interest rates, resulting in lower treasury yields.
Increasing Unemployment: A cooling or contracting economy often comes with rising unemployment rates.

Technical Targets:

If the CPI data comes in lower than expected, the DXY might drop towards the support levels around 102.355 to 102.643.
Key Levels to Watch
Higher CPI: Targets around 108.073 to 108.403
Lower CPI: Targets around 102.355 to 102.643

Core CPI m/m: Expected 0.2%
CPI m/m: Expected 0.1%
CPI y/y: Expected 3.3%
Based on these expectations, market reactions will depend on whether the actual data deviates from these figures.
Note
🟥 The US dollar is on alert, waiting for the CPI.. 🇺🇸🔥 7 minutes left
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🔷ENTRY : 2396.86

🔷SL : 2453.30

🔷TP : 2414.50
Note
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Note
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Note
🔵 Urgent 🔥🔥:

🌟 For the first time in 36 months, inflation in America fell to 3%.

👈 The Fed will now seriously consider reducing interest rates soon.. 🇺🇸🏛

⬅️ Strongly negative for the US dollar and strongly positive for gold.. ✅
Note
🚨 Urgent:

• Probabilities of cutting US interest rates at the next meeting rise to 83% after positive inflation data.

🌟 Before today's inflation report, markets saw a 67% chance of a rate cut by the next meeting.
Trade active
🟩 PENDING ORDER 🔥🔥🔥🔥

🔹Buy Limit Gold ( 2387.34 / 2393.63 ) ❗️

🔻SL: 2374.487

🔹TP1: 2395.431
🔹TP2: 2402.452
🔹TP3: 2416.375
🔹TP4: 2433.154

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