The American dollar (USD) still trades in the relatives of minimals. DXY has recently seen trade at 103.26, FX OCBC analysts Frances Cheung and Christopher Wong notice.
Mild growth risk is not excluded
“Exceptional trade is still disappearing, because markets are increasingly focusing on how Trump’s policy hurt the US economy. Last data in the US, including payrolls, CPI, PPI, PPI, uni michigan moods, production data and retail sales.”
“FOMC meeting (Thu 2 AM SGT) is looked at this week. Focus on the Dot plot – if any changes in the scope of guidance assessment arise, and if the Fed recognizes concerns about growth. The uncertainty of this front led to the mild unnegmalling of short short short short times.”
“Bessa day rush on the chart disappears, while the RSI has signs of rising from close conditions sold out. Reliable risk is not excluded. Resistance to 104 (61.8% fibo fibo low vinegar to Jan High), 105 levels (50% fibo, 21, 200 dma). Confirmation at 103,20, 102.50 levels (76.4% fibo). They bring the seat that houses, export /port /port /port /port /port.
