IF we all recall the FED session right before 2024 and how they hinted market on upcoming low inflation in 2024 and just less than 24 hours RUSSIA replied with attack on UKRAINE in big scale .
this event took place at the same time that DXY was visiting 100 followed by FED interview. Against all odds DXY got heavily supported and HIKED again ! AT the time market was well aware that 2024 could strongly be the year of RATE CUTS by FED and yet market sentiment shows STRONG DXY. it seems effects of war are weighing heavier than effects OF FEDS. this means market is betting on a stronger US Economy ahead compared to EURO. Could this be the journey of DXY to 125 amid all the rate CUTS alerts from FEDS ??? technical factors are shouting a big possibility !!!! in case of Dollar fading away , 100 Proved to be a stiff support
this event took place at the same time that DXY was visiting 100 followed by FED interview. Against all odds DXY got heavily supported and HIKED again ! AT the time market was well aware that 2024 could strongly be the year of RATE CUTS by FED and yet market sentiment shows STRONG DXY. it seems effects of war are weighing heavier than effects OF FEDS. this means market is betting on a stronger US Economy ahead compared to EURO. Could this be the journey of DXY to 125 amid all the rate CUTS alerts from FEDS ??? technical factors are shouting a big possibility !!!! in case of Dollar fading away , 100 Proved to be a stiff support
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good follow up