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US Dollar: Bullish! Buy The Dip! PCE News Could Spark Rally!
DXY, 1D
Welcome back to the Weekly Forex Forecast for the week of June 22 - 26th.
In this video, we will analyze the following FX market: USD Dollar
Market sentiment for the US Dollar is leaning bullish, but faces critical resistance around the 100.80–101.00 level on the DXY. The USD recently saw a massive surge, driven by hotter-than-expected inflation data and a hawkish shift from the Federal Reserve following their decision to hold rates and remove dovish references.
However, the outlook is mixed heading into the week, as easing geopolitical tensions (such as the US-Iran agreement) and cooling oil prices could cap further gains. The dollar's trajectory for the week will likely be determined by incoming US economic indicators and central-bank commentary.
Enjoy!
May profits be upon you.US Dollar: Bullish! Buy The Dip! PCE News Could Spark Rally! DXY, 1D Welcome back to the Weekly Forex Forecast for the week of June 22 - 26th. In this video, we will analyze the following FX market: USD Dollar Market sentiment for the US Dollar is leaning bullish, but faces critical resistance around the 100.80–101.00 level on the DXY. The USD recently saw a massive surge, driven by hotter-than-expected inflation data and a hawkish shift from the Federal Reserve following their decision to hold rates and remove dovish references. However, the outlook is mixed heading into the week, as easing geopolitical tensions (such as the US-Iran agreement) and cooling oil prices could cap further gains. The dollar's trajectory for the week will likely be determined by incoming US economic indicators and central-bank commentary. Enjoy! May profits be upon you. -
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