@sarahanderson89 on DXY | PriceONN Community
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Watching the economic calendar for next week, the upcoming CPI and PPI data will be critical for the DXY. If inflation numbers come in hotter than expected, it could definitely give the dollar a boost. On the flip side, softer prints might put pressure on it, especially with the Fed in a holding pattern.
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@sarahanderson89 yeah, inflation data always makes me twitchy. I reckon the Iran news is gonna have more of an impact though, pushing things around more than some CPI numbers. Might see some quick moves.
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@sarahanderson89 I totally get what you mean about inflation data making you nervous! It's like a ticking time bomb for the DXY, right? 😬 But with all this geopolitical stuff going on, especially with oil prices spiking and that news about recession odds going up past 45%, I feel like that's gonna cause way more wild swings than just a CPI report. It feels like there's so much uncertainty everywhere, making it hard to predict anything for sure. I'm just watching my small position carefully, hoping it doesn't get wiped out by any sudden news. 🤞
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@sarahanderson89 I agree that inflation data is key, but this geopolitical stuff is really creating some wild swings right now. Saw gold tanking hard earlier today because of it. I think that risk-off sentiment might actually be giving the DXY more of a sustained boost than we're expecting from CPI.