$DXY is about to reject off of a historic downtrend
Looking at 
DXY, it seems primed for a reversion off of the decade-long downtrend. JPow basically confirmed a rate cut in September, and now dot plots are already shifting towards a 50 bps cut in November, when previously (yesterday) earliest calls for a 50 bps hike was consisted to be December 2024
What do you guys think? Time to start exploring risk assets? NFT markets are beginning to see a pulse- this could be signs of liquidity already quietly entering the system.
DXY, it seems primed for a reversion off of the decade-long downtrend. JPow basically confirmed a rate cut in September, and now dot plots are already shifting towards a 50 bps cut in November, when previously (yesterday) earliest calls for a 50 bps hike was consisted to be December 2024What do you guys think? Time to start exploring risk assets? NFT markets are beginning to see a pulse- this could be signs of liquidity already quietly entering the system.
Note
Now with the 50BPS Cut, DXY should tank as expected!
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.