DIXIE looking strong for the USD to 107 - WHat does this mean?
Cup and Handle has formed on the US Dollar Index.
This took place after the break out of the downside.
The latest US jobs report for Friday indicated a significant surge in employment, outpacing the predictions of economists.
The economy saw the addition of 353,000 seasonally adjusted jobs in the last month, marking the highest increase in a year.
Also with companies on the Tech side beating earnings and with Meta closing up over 20%. Seems like confidence is overflowing in US and investors are piling in for the US dollar.
We have technically a bull trend confirmed too with
7>21
Price>200
Target 106
SO what could this mean for the DIXIE?
For stock markets, a stronger US dollar can have mixed effects.
On one hand, it may signal economic strength and attract investment into US assets, including equities, especially in sectors benefiting from a robust economy.
On the other hand, a stronger dollar can pressure multinational companies' overseas earnings when repatriated, potentially dampening investor sentiment towards those stocks.
The overall impact would depend on balancing these dynamics.
Correlations aren't what they seem like in the past thanks to the algorithm, so with the US upside one will need to overlay the markets and see how they react.
As things stand, the USD is going up. Stick with the trend until then.
This took place after the break out of the downside.
The latest US jobs report for Friday indicated a significant surge in employment, outpacing the predictions of economists.
The economy saw the addition of 353,000 seasonally adjusted jobs in the last month, marking the highest increase in a year.
Also with companies on the Tech side beating earnings and with Meta closing up over 20%. Seems like confidence is overflowing in US and investors are piling in for the US dollar.
We have technically a bull trend confirmed too with
7>21
Price>200
Target 106
SO what could this mean for the DIXIE?
For stock markets, a stronger US dollar can have mixed effects.
On one hand, it may signal economic strength and attract investment into US assets, including equities, especially in sectors benefiting from a robust economy.
On the other hand, a stronger dollar can pressure multinational companies' overseas earnings when repatriated, potentially dampening investor sentiment towards those stocks.
The overall impact would depend on balancing these dynamics.
Correlations aren't what they seem like in the past thanks to the algorithm, so with the US upside one will need to overlay the markets and see how they react.
As things stand, the USD is going up. Stick with the trend until then.
✅ Facebook:
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🌐Website:
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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