Again, the DXY traded with lower volatility as the price continued to fluctuate along the 102.60 price level with no clear directional bias.
As the banking crisis seems to be alleviated, this has shifted the market towards a risk-on sentiment (meaning that market participants would look to more risky assets, moving away from safe haven currencies or commodities).
This has led to some DXY strength. However, this strength has been offset by the market's uncertainty over the US Federal Reserve's monetary policy.
Still looking for further downside on the DXY to trade down to the key support level of 102.
As the banking crisis seems to be alleviated, this has shifted the market towards a risk-on sentiment (meaning that market participants would look to more risky assets, moving away from safe haven currencies or commodities).
This has led to some DXY strength. However, this strength has been offset by the market's uncertainty over the US Federal Reserve's monetary policy.
Still looking for further downside on the DXY to trade down to the key support level of 102.
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Join my mailing list jindaotai.com/joinme
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.