DXY is about to bounce from fibo 61.8% (upside move started on 25 June and ended on 1 OCT) so would it resume its upside trend on 25 oct?) watch for a bullish candlestick near to fibo level this month to buy.
although the FED is expected to cut rates on 30 Oct from 2.00% to 1.75% specially after the weak performance of the manufacturer, service and the retail sector, the big divergence of monetary policies between the fed and other central banks would support the dollar.
in addition to that US and China have made a huge progress in trade talks and that would ease the pressure on the FED to send very negative signal at the next meeting.
Goodluck
although the FED is expected to cut rates on 30 Oct from 2.00% to 1.75% specially after the weak performance of the manufacturer, service and the retail sector, the big divergence of monetary policies between the fed and other central banks would support the dollar.
in addition to that US and China have made a huge progress in trade talks and that would ease the pressure on the FED to send very negative signal at the next meeting.
Goodluck
Trade closed: target reached