KimboSlice04

DXY WEEKLY REVIEW OF AUGUST 1ST - 6TH

TVC:DXY   U.S. Dollar Index
We have had a strong equities market holding strength (market optimism) expect in the asian market where china and japan are experiencing weakness due to lockdowns from the Delta variant..

we had some Fed speakers this week:
: CLARIDA: FED POLICY DECISIONS WILL DEPEND ON OUTCOMES, NOT OUTLOOK, WHICH IS UNCERTAIN

: CLARIDA SAYS ECONOMY HAS MADE PROGRESS TOWARD GOALS SINCE SETTING ‘SUBSTANTIAL FURTHER PROGRESS’ BAR FOR TAPER OF ASSET PURCHASES IN DECEMBER 2020

: FED'S CLARIDA SAYS MAXIMUM EMPLOYMENT IS MAXIMUM SUSTAINABLE LEVEL CONSISTENT WITH FED'S INFLATION GOALS

: FED'S CLARIDA SAYS HE CAN CERTAINLY SEE FED ANNOUNCING TAPERING LATER THIS YEAR'

: FED'S CLARIDA SAYS TAPERING AND RAISING INTEREST RATES ARE COMPLETELY SEPARATE DECISIONS

: DALY SAYS HER MODAL OUTLOOK IS THAT FED WILL BE ABLE TO TAPER LATER THIS YEAR OR EARLY NEXT YEAR
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.