DXY - NFP Data and FOMC Rate Cut Comments May Bring USD Down
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DXY - NFP Data and FOMC Rate Cut Comments May Bring USD Down
Price is showing a clear bearish pattern.
After some minutes the US will release the NFP employment data.
IF they will be in line with Powell's comments about a possible rate cut in September then
we may see DXY moving down aggressively this time.
It can be the beginning a bigger weakness
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price is showing a clear bearish pattern.
After some minutes the US will release the NFP employment data.
IF they will be in line with Powell's comments about a possible rate cut in September then
we may see DXY moving down aggressively this time.
It can be the beginning a bigger weakness
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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