1- DXY consist of eur mostly which has no reason to go up at all. ECB policy, bad economy etc..
2- Even with the bad data US has the best economy compared to others
3- Fed can only delay the interest rate cannot cancel it. they would need a space for the next hit and flexibility also
4- Only strong economy in DXY is UK relatively and they even can release bad data with outlook to no interest rate raise in near term.
5- Summer is coming and datas hitting targets will create pressure on Yellen
6- Personal idea of mine suggests US would do better with more expensive USD( Disagreeing to others saying its a burden )
7- I am expecting this to be over 100 again before June
Note: I dont mind technical analysis here it can move into its direction but end at a fundamental point to finalize..
2- Even with the bad data US has the best economy compared to others
3- Fed can only delay the interest rate cannot cancel it. they would need a space for the next hit and flexibility also
4- Only strong economy in DXY is UK relatively and they even can release bad data with outlook to no interest rate raise in near term.
5- Summer is coming and datas hitting targets will create pressure on Yellen
6- Personal idea of mine suggests US would do better with more expensive USD( Disagreeing to others saying its a burden )
7- I am expecting this to be over 100 again before June
Note: I dont mind technical analysis here it can move into its direction but end at a fundamental point to finalize..