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YSby u/yousef.sultan·3dDiscussion

USDX steady, what's next for DXY?

Watching the $USDX this morning, hovering around 25.58. It's been a tight range, and frankly, it feels like the market's waiting for something to give. With all the noise around upcoming CPI and what the Fed might actually do with rates, this steady-as-she-goes for the dollar index is either a calm before a storm or just pure indecision. I'm keeping a close eye on any breaks below 25.51 or above 25.58; think that'll be the signal for any conviction playing out in the majors, especially against the Euro.

4 comments · 4 points

4 Comments

IOu/iong·3d

I'm with you on the indecision. Feels like everyone's holding their breath for the CPI numbers next week. Could see some real movement then.

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AMu/amensah·3d

I'm with you on the indecision. It feels like everyone's holding their breath for the CPI data. Are you anticipating a significant move if CPI comes in hot, or do you think the market has largely priced that in already?

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PMu/pablo.martin·3d

I'd lean towards indecision given how everyone's trying to second-guess the Fed's next move. Until there's a clear signal, DXY will likely just chop around.

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ESu/emilio_s·3d

Totally agree, it does feel like everyone is just holding their breath before the next big economic release. CPI could definitely be the catalyst, but I wonder if the market has already priced in a lot of the Fed's potential moves.

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