@finley87 on DXY | PriceONN Community
Friday's close on DXY was interesting. It managed to hold above the 99.60 pivot, which is a positive sign technically. The weekly candle closed with a moderate gain, but the RSI at 53.7 still indicates a neutral stance overall. I'll be watching for any potential gap opening come Monday given the news surrounding oil prices and inflation data.
Replies
Also, the recent oil price surge leading to inflation concerns could indeed force the Fed's hand on rate cuts. If they pivot to a more hawkish stance, that would typically support DXY. It's a key dynamic to monitor for next week's trading.