Technically speaking USD has been ranging from 100 to 105 for a long time. it had an up break twice but got rejected. This time is different and that is due to the break not getting rejected.
Market move showing a big bull run incoming targeting 110 area. Expecting FED to keep rates steady due to GREEN CPI readings making them kind of unable to do so. The only way to break this bull run is breaking below 105 once more.
Market move showing a big bull run incoming targeting 110 area. Expecting FED to keep rates steady due to GREEN CPI readings making them kind of unable to do so. The only way to break this bull run is breaking below 105 once more.
Trade active
Comment:
Sadly the QT program kind of put an end to our rally. Seems like or better said it is surly the Employment and labor market data that is considered most important for feds at this stage and higher inflation might not prevent them from lowering rates. this would signal the end of dollar and the end of this rally but market is still full of surprises. maybe Ukraine situation will escalate and war will weigh heavier than lowering rates in the future but that is future. for now market is not betting on the rally any more as it seems and looks like we are running out of fuel
Order cancelled