pipsfactoryltd

Dollar index speculation

Long
TVC:DXY   U.S. Dollar Index
The greenback strengthened late last Friday, amid higher US yields and some risk aversion. The US 10-yield rose to 1.35%. Economic data from the US showed higher than expected PPI inflation in August. Consider buying the dollar because it would strengthened further this week. Noticed DXY broke the counter trendline and it would advance to 93.16 resistance.
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.