YellenAtForex
Long

Weekly Outlook based off DXY USD movements

TVC:DXY   U.S. Dollar Index
As we come to a close this Friday DXY             has reached its 4hr channel bottom and began a slow climb showing possible signs of a reversal in progress. With high level news coming next week could send DXY             to its upper channel level + nearing rate news.

  • USD Durable Goods Orders (JUL P)
  • USD Advance Goods Trade Balance (JUL)
  • USD Gross Domestic Product (Annualized) (2Q S)
  • USD Gross Domestic Product Price Index (2Q S)
  • Fed Chair Yellen to Speak at Jackson Hole Policy Symposium

With a strong possible bullish DXY             we should see two major plays:

1) short oil*
2) short EU


*do research (Im short)
well played chief!
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