Inflation still exists, but the economy grows, and the Euro will get stronger. Sooner than expected or still a bumpy road this year?
Euro has the possibility to get stronger but slow economy growth will make it hard for for a quick recover this year. 1.15 by End of this year.
Eu strength against DXY weakness. Inflation softens in Europe.
I see a massive pump on USD/CHF. What do u think ?
The dollar is forming a W Pattern and might go up further. CPI report ahead will give clarity.
After a hawkish Powell and 75bp interest rate raise, the dollar gets stronger again.
Dollar Strength is back and correction is done. More moves to the upside expected.
Since Jan 2022 the dollar is bullish until now, and it seems the King keeps it that way.
The dollar is showing no weakness. A lot of strong investments in the dollar, and the index is showing monthly bullish movements and seeking more and more higher ground. Aiming for 110 to 115.
The price is moving back and forth between a higher price and a lower price.
After this correction, DXY can move back upwards. The dollar still on upward trend and the MA 50 (white line) and MA 100 (yellow line) were pushing the dollar down, but the MA 200 (red line) was strong enough to keep it up. If the support holds, the dollar could bounce from here.
DXY formed a bullish pennant pattern. Wait for the out brake on top.
Inflation plus interest rates brings more upward movement to the dollar.
USD/JPY showed some correction, but the bulls has it back and the market formed a massive bullish engulfing candle. More upward movement is expected in the long run.
Euro is correcting to 1.0958 resistance area and might fall again to a weekly support area 1.0836
Btc was ranging on the weekend between support and resistance. Looking for support to reach the sky ;0