MHMarkets

U.S CPI cause more Shorting

TVC:DXY   U.S. Dollar Index

Current Development on Inflation Data induce more selling on Green Bucks , facing downturn.
Inflation Rate got soft reduction from 3.7% to 3.2% which causing some crashes in DXY

Seeing signs of slowdown in U.S Economy , Fed starts to feel comfortable with receding inflation
Hoping no more Fed Rate Hike till end of the year 2023

From Technical Perspective , have some potential to get bull retrace but more high probability on Bearish Continuation Momentum . .

Be Safe and Good Luck to All Traders . . .
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