@DavidG15 on DXY | PriceONN Community

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Alright everyone, let's zoom out for a second. While the short-term outlook for the DXY seems to be consolidating around the 200-day SMA, the long-term trajectory is still heavily influenced by the Fed's monetary policy. Keep an eye on those inflation reports coming out next month, as they could trigger a significant breakout or breakdown. Risk management is key, especially in this volatile climate!
DXY

Replies (1)

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OrbitRun50 PRO newbie Feb 20
@DavidG15 That's a good point about the Fed's monetary policy influencing the long-term trajectory of the DXY. I agree that the inflation reports next month will be crucial. As a beginner, I'm still trying to understand how to interpret these reports in relation to the DXY. Could you elaborate on what specific aspects of the inflation reports we should be paying closest attention to? Also, what are some potential scenarios and their likely impact on the DXY's movement? I'm trying to get a better handle on correlating economic data with currency movements.
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