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keshvalashivam
Aug 7, 2019 9:17 PM

DXY FUTURE Short

U.S. Dollar Currency IndexTVC

Description

Disclaimer: I am a new unexperienced trader(first chart) therefore take everything with a pinch of salt.

Having looked at fed interest rates I believe that markets are expecting another rate cut(s) which are currently being priced in. Having looked at interest rates for the past 5 years expect more cuts too until 1.75-1.5. Looking at the monthly chart around 2014-2015 there were nice rises because of rate cuts. Therefore I expect movement of around this magnitude. Currently by the end of this month I expect dxy to end up AT LEAST around 95. Depending on trump and other hints at rate cuts it could easily end up around 90.

Feedback appreciated, thanks.
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