Tomorrow is a big day with Bank of Canada, US gdp and most importantly FOMC rate decision. A rate cut from 2% to 1.75% is expected and is priced in at this point.
Expecting the DXY to continue its decent. Now formed a rising channel as a continuation pattern and a nice downtrend line as well.
Powell's rhetoric during press conference will decide everything, but technicals at least show more downside in USD.
Good Luck!
Expecting the DXY to continue its decent. Now formed a rising channel as a continuation pattern and a nice downtrend line as well.
Powell's rhetoric during press conference will decide everything, but technicals at least show more downside in USD.
Good Luck!
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Comment:
Powell's comments sent dollar down yesterday
