In my opinion we are going to take out the weekly lows.. AUD is too long climbing upwards with no retracement!
Trade ativo
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Trade ativo
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Rejection
Trade ativo
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MARKET TALK - The dollar could rise sharply if the Federal Reserve raises interest rates at Wednesday's meeting despite the latest U.S. inflation data easing, Ebury says. Data on Tuesday showed U.S. inflation fell to annual rate of 4.0% in May from 4.9% in April, which is reducing market expectations for a rate rise on Wednesday and weighing on the dollar, Ebury strategist Matthew Ryan says in a note. "A rate increase in June would be a major shock to markets," he says. "If it did happen, the dollar would likely rip higher, regaining strength after a period of losses." The DXY dollar index falls 0.4% to 103.287, having reached a three-week low of 103.047 shortly after the inflation data.
@elonymous, US will raise rates, price itself, EU is in technical recession phase, news and DXY grabbed sell side liquidity - but like always, nothing is 100% for sure, only death is :D
devigriffel
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US Dollar Could Turn Higher if Federal Reserve Lifts Rates -- Market Talk
ibrar550
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@devigriffel comments earlier said looking to go to 6%
ibrar550
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tough one to call seen as the price simply does not have enough bearish momentum to fall below 0.6740 support despite 2 attempts. I see this bounce up if aud is average or good later on tonight as we won't see much on the dollar side until CPI tomorrow
devigriffel
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@ibrar550, it's like a good vine.. just give it a little room to breath and age xD