DXY Bias Week Nov. 27- Dec 2
BIAS-SHORT until next level 105.40-105.00 then monitoring that area for PA.
NOTES- Currently fundamentals is against the dollar due to fed meetings on looking to slow down interest rates in the near future. Our next interest hike is on December 14. Will the feds keep up the 0.75% basis hike or will it be 0.50% this time around ? If the feds slow down interest hikes and our last final interest hike for Dec 2022 is lower than the previous hikes, we can expect the dollar will fall. Im expecting them to keep the 0.75% in December ending the year off with the dollar pushing back up to around 110.00- 112.00
NOTES- Currently fundamentals is against the dollar due to fed meetings on looking to slow down interest rates in the near future. Our next interest hike is on December 14. Will the feds keep up the 0.75% basis hike or will it be 0.50% this time around ? If the feds slow down interest hikes and our last final interest hike for Dec 2022 is lower than the previous hikes, we can expect the dollar will fall. Im expecting them to keep the 0.75% in December ending the year off with the dollar pushing back up to around 110.00- 112.00
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