Fed mixed language made massive damages and produces an unexpected result for most.
However the Dollar Index is now eager to price in the cut and look further into easing and markets pessimism.
The over-confident yet short-lived bullish momentum is now over.
Back to the basics, our level now fire up price action.
TVC:DXY starts the week retreating from a dual core ray matrix into a parametric hori between lightening over the 98.20 waters, slowly losing fat ahead of the major Fed monetary policy meeting in 2 days.
Entry points :
Early adopters : 98.06
Wolfpack : 97.90
Accumulation : 97.76
Mainstream : 97.73 key handle breakout
Liquidity : 31st of July 2019, 17h50...
$DXY ends the week sitting between a key handle at 97.27 and the organic hori @ ahead of last Fed's datawatch round next week.
GDP and Manufacturing export data eyed.
Following Williams dovish opera yesterday, Bullard added his till to the tail today stating that there is no need to revisit the decision on the timing of the balance sheet runoff.