DXY Weakness is imminent. SELL SELL SELL đ
Sharp rejection from 0.5 fibonacci lev. @105.6
SHORT for the target of 104
SHORT for the target of 104
Handel aktiv:
ADD MORE ADD HEREđđ
Handel aktiv:
This is the game of patience wait and watch
Kommentera:
Still room for Entry....party is about to start SELL heavily
Kommentera:
What a move now trail your stop losses
Kommentera:
âThe dollar index lost ground and slumped below 105 mark as markets brushed aside elevated level s of producer price inflation for April.
âUS producer Price Index (PPI) increased by 0.5% on monthly basis, surpassing the forecasted 0.3% rise. Similarly, the core PPI, which excludes food and energy prices, also rose by 0.5%, beating the expected 0.2% increase.
âMeanwhile, Federal Reserve Chair Jerome Powell said that the PPI readings were higher than expected. He added that policymakers need to be patient and let restrictive policy do its work.
âInvestors now shift focus to US CPI report this week. The dollar index dumped aside higher PPI data and added to losses at 104.82 alongside fall in treasury yields.
Among basket currencies, EURUSD and GBPUSD are quoting higher by 0.06% at $1.0842 and $1.2600 respectively.
âUS producer Price Index (PPI) increased by 0.5% on monthly basis, surpassing the forecasted 0.3% rise. Similarly, the core PPI, which excludes food and energy prices, also rose by 0.5%, beating the expected 0.2% increase.
âMeanwhile, Federal Reserve Chair Jerome Powell said that the PPI readings were higher than expected. He added that policymakers need to be patient and let restrictive policy do its work.
âInvestors now shift focus to US CPI report this week. The dollar index dumped aside higher PPI data and added to losses at 104.82 alongside fall in treasury yields.
Among basket currencies, EURUSD and GBPUSD are quoting higher by 0.06% at $1.0842 and $1.2600 respectively.
Kommentera:
Book your profits @104 level very crucial level
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