Trading2ez

DXY should DROP AGAIN!

Largo
TVC:DXY   Índice del dólar de EE. UU.
Hey tradomaniacs,

market has reacted slightly bearish this night due to the uninspiring finish in Wallstreet and statement by Jerome Powell which has caused a pullback of DXY (RISK-OFF).

Statement was overall dovish❗️

1️. Inflation below 2% (still more potential upwards)
2️. FED does whatever it takes to support economy
3️. Not out of ammo (rate-cuts, QE`s possible)
4. More stimulus needed

The entire press-conference was a dove-bomb and was overall a "What we do works and we will continue" statement.

The risk off caused a Pullback of DXY (US-DOLLAR-INDEX) which has not been able to break through the key-resistance and I see that the trend is still in tact.
SPX500 and MAJOR-PAIRS such as EUR/USD could rise again! ;-)

LEAVE A LIKE AND A COMMENT - I appreciate every support! =)

Peace and good trades
Irasor

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