dibz1996

DXY Prediction. #dxy #recession #pivot #rally

TVC:DXY   U.S. Dollar Index
Expecting another leg down for the DXY eventually when we break this support. we could see strength heading into the next FOMC may 3rd - The fed may pivot! pausing rate's rather added 0.25 bpts. CPI is may 10th expecting to be higher than expected after seeing oil jump from a reduce in production. which later leads us on to June 14th. if we haven't all ready seen a pause, I would expect a pause. likely we see sell offs in may, expecting a pull back in the DOW combined with a higher CPI. The fed will need to step in to bring equities back up. hence the pause if not seen one all ready. a later rally in the DXY is expected. going off previous recession cycle's. they will likely continue hiking rate's after a pause, to try and get ahead of inflation. other countries currency will weaken. giving the dollar the king status again, until the fed over tighten's this is when iI would expect assets to collapse. then we would see a "recession" on the mainstream media. (although we've been in one for the past two years! expect Volatility over these next few month's and the next leg down for the dollar to be very bullish for asset's. just waiting on the pause to see a relief rally.

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