The_Archi-tect

High Impact Dollar News Signals Potential Buyside Draw for DXY

Long
TVC:DXY   U.S. Dollar Index
📈 Trading Alert: High Impact News Incoming!

🕣 Time: 08:30 NY Time
📰 Event: Core PPI m/m and PPI m/m Release


Today marks a pivotal moment in the market as we await the release of Core PPI m/m and PPI m/m data. These indicators shed light on the change in the price of finished goods and services sold by producers, excluding food and energy.

Based on meticulous analysis, my prediction points towards a favorable response for the Dollar. I anticipate a robust bullish draw in the DXY for the remainder of the month.

Yesterday's analysis proved prescient, accurately forecasting the impact of the High Impact News release during the NY Session. As anticipated, price filled the H4 Order Block and the Liquidity Void left by Tuesday's CPI release. This sets the stage for continued bullish momentum throughout the month.

For a comprehensive understanding, please refer to yesterday's DXY analysis and my Long-Term DXY Bullish Narrative analysis below. Stay tuned for further insights and updates.

Refer: Yesterdays DXY Analysis

Refer: Long-Term DXY Bullish Narrative Analysis

Kind Regards,
The_Architect

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