SnipingRabbit

DXY TREND CHANNEL ALTHOUGH FUNDEMENTALS!

INDEX:DXY   US DOLLAR CURRENCY INDEX
The TA is of the trend channel. Fundemetal - non farm payroll was very positive. The strength of NFP issued Friday (7/14) could complicate the Federal Reserve’s decision this month on whether to cut interest rates to help support the economy. Most investors have anticipated a rate cut in July and perhaps one or two additional Fed cuts later in the year. That scenario may be less likely now.
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