JohnKicklighter

USDollar and Rate Speculation

FX:USDOLLAR   Dollar Index
110 1 2
The recent swell in rate expectations following the October rate decision and NFPs returned the Dollar to bullish progress stalled after the April double top set a 12-year high ceiling. Yet, now with resistance cleared, will there be enough fuel to generate further follow through? Is there enough untapped speculation to extend this phase? Yes, but it will be tough.
I think the only currencies that could offer some resistance against the USD would be GBP and AUD. But I think the divergence of ECB and Fed's policies could lift this index and particularly the DXY higher by December - since much of the computation of these indices is USD vs EUR. It's not far fetched to foresee EUR's parity with USD so I'm interested to know why you would think it will be tough?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out