Hello traders
Correlations:
#EURUSD Pair is moving inversely with #DXY, and the dollar index is forecasted to fall for the medium term, however, dont expect a strong fall, as we see US economy still strong.
Fundamentals:
#DXY will remain strong as long as the #US10Y United stated yeilds for 10 years is high, once it drops, it will take the #DXY down with it.
When will the #US10Y drop ?
1. If we see Growth levels in USA slows down, like Manafucturing and Sevice secotors start to show contraction instead of expansion, as well as We see NFP numbers getting lower than expected, Wage rates start to slow down the pace of increase, as well Unempoyment rates start to rise.
2. If Inflation drops sharply, however this is not expected to see Inflation numbers slow down fast, but it should drop over time as the FEDS withdraw 90-120 Bn $/Month in the currect QT.
News:
We should be aware of the next comifng news
Final Manufacturing PMI 50.9 50.9
SM Manufacturing PMI 49.8 49.2
JOLTS Job Openings 8.40M 8.49M
ADP Non-Farm Employment Change
ISM Services PMI
Unemployment Claims
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
3.9% 3.9%
We remain Bullish on #EURUSD however, wait a correction to buy lows and take profit after 90 pips. Best of luck for all
Correlations:
#EURUSD Pair is moving inversely with #DXY, and the dollar index is forecasted to fall for the medium term, however, dont expect a strong fall, as we see US economy still strong.
Fundamentals:
#DXY will remain strong as long as the #US10Y United stated yeilds for 10 years is high, once it drops, it will take the #DXY down with it.
When will the #US10Y drop ?
1. If we see Growth levels in USA slows down, like Manafucturing and Sevice secotors start to show contraction instead of expansion, as well as We see NFP numbers getting lower than expected, Wage rates start to slow down the pace of increase, as well Unempoyment rates start to rise.
2. If Inflation drops sharply, however this is not expected to see Inflation numbers slow down fast, but it should drop over time as the FEDS withdraw 90-120 Bn $/Month in the currect QT.
News:
We should be aware of the next comifng news
Final Manufacturing PMI 50.9 50.9
SM Manufacturing PMI 49.8 49.2
JOLTS Job Openings 8.40M 8.49M
ADP Non-Farm Employment Change
ISM Services PMI
Unemployment Claims
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
3.9% 3.9%
We remain Bullish on #EURUSD however, wait a correction to buy lows and take profit after 90 pips. Best of luck for all
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signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
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.