Posted by DigiNomad on 11th of May 2023 at 09:54 am
DXY - strong today in the early going. If it breaks higher, lots
of bulls' short term plans are going to be ruined.
IMO, DXY is the key to the market on a day to day basis, at
least recently, but it's not uncommon over longer term periods. Not
sure why it doesn't get more attention.
DXY - strong today in
Posted by DigiNomad on 11th of May 2023 at 09:54 am
DXY - strong today in the early going. If it breaks higher, lots of bulls' short term plans are going to be ruined.
IMO, DXY is the key to the market on a day to day basis, at least recently, but it's not uncommon over longer term periods. Not sure why it doesn't get more attention.
DXY is the key indeed.
Posted by junkie on 11th of May 2023 at 10:04 am
DXY is the key indeed. Very few understand its dynamics. It could start moving higher into August-September.
eurusd broken its uptrend line and is on support. It is a short on its backtest.