Fundamental view for DXY shows evidence that the second scenario, where the decrease in the Consumer Price Index (CPI) became true, it has significant implications for the US economy. The noteworthy drop in inflation to 2.9% that give us signals for change the monetary policy by Feds. This decline suggests potential weaknesses in the economy, prompting a more balanced distribution of monetary sentiment in the market. Consequently, the Federal Reserve may consider reducing interest rates as a proactive measure to stimulate economic growth and address the current downturn.
Technical Analysis : ***the news regarding the CPI has had a significant impact on market sentiment***, particularly on the value of the dollar. The dollar is currently experiencing extreme bearishness, which may lead to price reactions, potentially causing further bearish waves in the market, manifesting as price fluctuations at premium or discount levels.
Previous forecast:
DXY
Technical Analysis : ***the news regarding the CPI has had a significant impact on market sentiment***, particularly on the value of the dollar. The dollar is currently experiencing extreme bearishness, which may lead to price reactions, potentially causing further bearish waves in the market, manifesting as price fluctuations at premium or discount levels.
Previous forecast:
DXY
Comment:
price is going up as we had expected
Comment:
After the release of a negative Non-Farm Payrolls (NFP) report, I anticipate that the USD will further weaken against other major currencies due to the prevailing concerns regarding its status as a reliable and trustworthy currency, as indicated in the financial analysis found at
