FX_Professor

DOLLAR - Could it drop harder now?

Short
TVC:DXY   U.S. Dollar Index
Hi everyone,

indeed it's a big day for the dollar given that we have major financial data bein released in 3 hours:

Prelim GDP q/q
4.2% 4.0%

Core Durable Goods Orders m/m
0.6% 1.1%

Durable Goods Orders m/m
0.9% 0.5%

Prelim GDP Price Index q/q
2.0% 2.0%

Unemployment Claims
828K 861K

Pending Home Sales m/m

If data is not good we could see the dollar drop lower. It is now below 90 and the next support is at 84.65

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