Get started

Dolalrindex

Today’s Notable Sentiment ShiftsUSD – The dollar eased against a basket of currencies on Monday, pulling back from the 1-year high hit last week, as traders looked to US jobs data at the end of the week for clues to the Federal Reserve’s next move. Fx analysts at Jefferies note that “Nonfarm payrolls will be the big focus for markets this week… Will the Fed read negatively to a 300k print? Likely not, with the momentum on taper already really high the Fed will have a hard time making an about face after a small miss on what has been a very volatile series. If we were to see something more extreme like a negative NFP print for example, then we could have a different story and the Fed may be forced to at least pause.”
TVC:DXY
by thunderpips
2
DOLLAR- Critical Times (expecting Hawkish statements or DROP)Dollar is the WORLD'S EXCHANGE CURRENCY, ie the King... but it's a disputed King in our times. So, what will happen next? Nobody knows for sure So let's examine what has happened recently: Price broke under support twice before (third time now could be a charmer). The last 2 times this happened, the Federal Reserve and Janet Yellen would come out with HAWKISH STATEMENTS (we will increase the interest rates) and that would save the day and keep the dollar higher... ..then the stock markets would drop and they would have to come out and revise to DOVISH STATEMEMENTS (ok, we will not raise the rates yet) to save the stock markets. It does sound like hustling or some sort of crazy difficult hard core balancing exercise.. and it probably is. Story goes like this: sentiment is negative and people /investors have lost faith in the dollar and the rest of the currencies printed by the trillions and bazillions from governments around the world. The dollar in relation to other major currencies might not drop as much but we all know (and we start to see it coming) that inflation will make the price of goods rise against all currencies, including the dollar. In conclusion, i start to like the 'Tokenomics' even more, thinking about cryptos being the future. We know the problem, we also know the solution. What do you think?
TVC:DXYShort
by FX_Professor
1