Hawkish fed pushes $ to pitchfork slope
After the already priced in 25bps cut from the fed on Wednesday followed by hawkish commentary from Jerome Powell (One and done sentiment for cuts) the dxy pushed to a 2 year high and right into a key long-term technical level.
However, following that decision, the US had some weak ISM manufacturing data on Thursday & potentially a rise in tariffs on China announced by Trump
Data releases will be key, with any weakening data likely to push a 50bps cut potential higher
daily
2hr
However, following that decision, the US had some weak ISM manufacturing data on Thursday & potentially a rise in tariffs on China announced by Trump
Data releases will be key, with any weakening data likely to push a 50bps cut potential higher
daily
2hr
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.