DXY - NFP Data and FOMC Rate Cut Comments May Bring USD Down
Updated
DXY - NFP Data and FOMC Rate Cut Comments May Bring USD Down
Price is showing a clear bearish pattern.
After some minutes the US will release the NFP employment data.
IF they will be in line with Powell's comments about a possible rate cut in September then
we may see DXY moving down aggressively this time.
It can be the beginning a bigger weakness
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price is showing a clear bearish pattern.
After some minutes the US will release the NFP employment data.
IF they will be in line with Powell's comments about a possible rate cut in September then
we may see DXY moving down aggressively this time.
It can be the beginning a bigger weakness
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
Trade closed: target reached
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅My Crypto Broker - Signup for 20% Fees Off and $45,145 Rewards
partner.zoomex.com/aff/ZX902594
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅My Crypto Broker - Signup for 20% Fees Off and $45,145 Rewards
partner.zoomex.com/aff/ZX902594
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.