On the Look out for a good short move:
Bearish linear regression outlook on 4hr chats on both UJ and DXY
Rejected top of long term trend
Breaking short term bottom trend
next possible support sitting around 114.17
Not investment advice
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)...
Saudi Arabia, Iran, Iraq and non-member Russia are producing at, or close to, maximum capacity, Khelil said in a Bloomberg Television interview. Khelil steered OPEC in 2008, the last time it implemented an output cut, which was announced in Algeria in December of that year.
U.S. crude output rose by 152,000 barrels a day, in part because of...