Trade_Navigator

USD potential. depending on dec nfp and usd cpi

TVC:DXY   U.S. Dollar Index
usd cpi expectation have not been released yet. but that being said. risk markets have been moving higher potentially raising the potential for inflationary pressures to remain elevated. oil markets reflect the potential for a cooler usd cpi. fed bets of a pause maybe premature and unsubstantiated. Especially if ECB runs into rate cuts prior to fed cuts. will remain vigilant on potential for price action related to the dollar in the coming weeks. for which direction it wants to go. quarterly support is an important level. with a potential target gap above. 1.45 to 1.05 maybe also a void that wants retested prior to moving lower. base case is 1.1 remains a potential upside barrier and on while EU 1.08 or lower will potentially open the potential for more downside risk on EURvsUSD.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.