Get started
rTrader_official

DXY: Fed's Bullish Stance

Long
U.S. Dollar Index (TVC:DXY)  
rTrader_official  
TVC:DXY   U.S. Dollar Index
Trend Analysis Technical Indicators Fundamental Analysis
6
0
trendanalysis indicator fundamental
Despite the negative news surrounding the Producer Price Index (PPI) and the struggling retail sector, there has been a notable absence of bearish activity in the Dollar Index (DXY). This suggests that the Federal Reserve is intent on maintaining the weight and value of the USD in the market. If the price consolidates above current levels, we can anticipate a continuation of the bullish trend for the USD in the near future.
Targets: 105, 107
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.