USD to drop a bit more, and create ripples
The week ended a little confused, post NFP and other announcements.
The only slight clarity here is that over the next week (or few weeks), we should see the USD dropping a bit more, breaking down both support lines, for a few days. IF "lucky", the USD futures should reach target at 99, even for a day or two.
Now, this comes with a bit of a stretch with volatility in the other parts of the market too, affecting commodities, indexes, forex etc.
Later analysis posts, is based on the background scenario in an increased likelihood of a USD decline.
The only slight clarity here is that over the next week (or few weeks), we should see the USD dropping a bit more, breaking down both support lines, for a few days. IF "lucky", the USD futures should reach target at 99, even for a day or two.
Now, this comes with a bit of a stretch with volatility in the other parts of the market too, affecting commodities, indexes, forex etc.
Later analysis posts, is based on the background scenario in an increased likelihood of a USD decline.
