US Dollar Forecast: Time to Fade the DXY Index Rally?
US Dollar Forecast: Time to Fade the DXY Index Rally? Advertisement US Dollar Outlook: The US Dollar may not have many bullish catalysts ahead of it, unless of course taper tantrum fears begin to set back in. The January US inflation rate (CPI) report and Fed Chair Jerome Powell’s speech on Wednesday are the top events in the coming days. The IG Client Sentiment Indexsuggests the US Dollar is on mixed footing heading into mid-February. US Dollar Turns Lower in a Meaningful Way The US Dollar (via the DXY Index) remains above the uptrend off the January swing lows, but som...
Source: dailyfx.com