U.S Dollar Index Targeting 100 Area In Risk-On Environment
DXY
-0.23%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
NZD/USD
+0.93%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
US Dollar Index is down sharply as US yield declined following US CPI data yesterday when numbers came out down big, to 3% from 4%. Interestingly, cryptos are not attractive at this stage, while NZDUSD is one of the strongest, and its been doing well already week back when others were in a pullback mode.
Looking at the current strong risk-on environment, I think the USD can be headed even lower. As such, I adjusted the wave count as this can still be an ongoing extended impulse targeting 100 area, which can become some temporary support for the fourth wave rally.
