DXY ANALYSIS 11/07/24
Updated
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.
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.
Comment
🟥 The US dollar is on alert, waiting for the CPI.. 🇺🇸🔥 7 minutes leftTrade active
🔵 BUY NOW GOLD🔷ENTRY : 2396.86
🔷SL : 2453.30
🔷TP : 2414.50
Comment
70+PIP MOVE SECURING 80% and LET REST RUN " BE on " RISK FREEComment
ENJOY YOUR PIPS 🔥🔥🔥🔥🔥🔥🔥🔥🔥✅ ✅Trade closed manually
Closing Trade 80PIP MOVE GOLD THANKS EVERYONE ENJOY 🔥🔥✅ ✅Comment
🔵 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.. ✅
Comment
🚨 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
📝 USE PROPRE RISK LOT SIZE PLEASE ❗️🫶🏻
Trade active
60+ PIPS RUNNIG LFG 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥Trade active
175+PIPS RUNNING BOOOM 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥SECURING 80% & BE ON " RISK FREE 3 ✅ ✅
Trade active
🔥🔥200+ PIPS RUNNING 20% RUNNING ONLY with BE COngratz who took the trade ✅ ✅✅ ✅
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