akyong
Long

DXY [17th - 21st Oct]

INDEX:DXY   U.S. Dollar Index
35 0 4
Dollar Index             continues to see strength from last week. Data from last Friday Core Retail Sales and PPI were positive; the overall tone from FOMC Meeting Minutes were slightly hawkish too. These fundamental and sentiment continue to provide the bullish momentum on Dollar as traders and analysts continue to expect a rate hike in December. Key level to watch out would be the next resistance at 98.52 and further higher at 99.70.
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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