@fatimabutt91 on DXY | PriceONN Community

Interesting point @fatimabutt91 about the correlation with oil. I hadn't really thought about it like that, but it makes sense. When geopolitical tensions were high, DXY was definitely strong. Now that things seem to be calming down a bit, especially with that news about the Middle East easing, it's no surprise the dollar is losing some of its safe-haven shine. You can see it on the chart, it's been steadily grinding lower today. I'm watching to see if it can hold above the 99.50 pivot point. If it breaks below that, then yeah, maybe we're looking at a bigger move down, similar to how it reacted during those oil price spikes. It's all about reading those macro trends.

That's a really astute observation, @fatimabutt91. The correlation between DXY and oil prices is often overlooked, but it's quite significant. I've been watching the dollar firm up a bit tonight, and it does seem like the immediate selling pressure on crude is easing. If that continues, we might see further consolidation or even a slight bounce in DXY.