DXY Prior to October PPI numbers release
Top of the morning! We just took out some sell side liquidity on the DXY chart, suggesting we could possibly see rally in the US dollar later today.
As we see a rally in the dollar we can expect what I like to call a "risk free" environment where we see a sell off in risk assets as well as foreign currencies.
Time will tell if this thesis is correct closer towards the time.
I will be looking for sells in the EURUSD and Nasdaq as well today.
The times displayed on the chart are in SAST
As we see a rally in the dollar we can expect what I like to call a "risk free" environment where we see a sell off in risk assets as well as foreign currencies.
Time will tell if this thesis is correct closer towards the time.
I will be looking for sells in the EURUSD and Nasdaq as well today.
The times displayed on the chart are in SAST
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.