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uzscool
Feb 16, 2023 11:37 AM

DOLLAR CURRENT SITUATION Long

U.S. Dollar Currency IndexTVC

Description

So, right now we don't have any reasons for selling
dollar at least this week.
We got so many economic indicators and all of them
positive for dollar.
Next interest rate decision might be also positive for
dollar. So, we can buy dollar when we got nice pullback every time till next FED pivots.

Last economic indicators.
NFP 517k better than expected
CPI 6.4 better than expected
Unemployment rate better than expected
PPI coming today...

Comment

we have PPI data which is positive for dollar again.

Comment

So ,dollar is on the target for this month and we need to pullback at weekly high and then we could see another upmove
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