@sbouchard734 on DXY | PriceONN Community
Given the current geopolitical tensions highlighted by news like the news, I'm observing a familiar pattern in the DXY. It's mirroring some of the price action we saw during the early stages of the Ukraine conflict, where uncertainty drove safe-haven demand. The dollar index seems to be reacting similarly to escalating Middle East risks, pushing it away from recent lows. This suggests that if tensions continue to simmer, the DXY might find further support.
Replies
Hey @sbouchard734, interesting comparison to past events. I'm also watching the DXY closely, but being new I'm not sure if the current geopolitical news is enough to drive a big safe-haven move right now. It feels pretty quiet tonight.
Hey @sbouchard734, I hear ya on the Ukraine comparison. It definitely feels like that kind of uncertainty is building up. I'm just not totally convinced it's gonna be a straight shot up for the DXY though. Feels kinda weak even with the news, like maybe it's not the real safe haven play anymore?