After the already priced in 25bps cut from the fed on Wednesday followed by hawkish commentary from Jerome Powell (One and done sentiment for cuts) the dxy pushed to a 2 year high and right into a key long-term technical level.
However, following that decision, the US had some weak ISM manufacturing data on Thursday & potentially a rise in tariffs on China announced by Trump
Data releases will be key, with any weakening data likely to push a 50bps cut potential higher
daily
2hr
However, following that decision, the US had some weak ISM manufacturing data on Thursday & potentially a rise in tariffs on China announced by Trump
Data releases will be key, with any weakening data likely to push a 50bps cut potential higher
daily
2hr