us dollar index dxy daily
In the week ahead , US dollar has very important news to release,first and foremost is the FOMC meeting on Wednesday , second is retail sales on Thursday , and PPI m/m on Tuesday. The US Federal Reserve is almost certain to raise interest rates next Wednesday , and market has price that in . in the meeting of FOMC, investors will be looking for clues about what will happen in 2018 . Federal reserve probabley will announce an optimistc opinion about the economy and the direct of the monetary policy in 2018 . The September dot plot showed that policy makers mostly believe that three rate hikes will be provided next year , so if Jannet Yellen says anything about the direct of monetary policy in 2018 that make investors more sure about the three rate hikes , the us index dollar will get more stronger . Technically us index dollar in daily time frame , is completing its bearish zigzag pattern of wave 4 . US dollar can get stronger till January 2018 , and after that will probably get wicker by good news of EURO .
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