@lily1507 on DXY | PriceONN Community
L
It's quite quiet on the DXY tonight, as expected with the Sydney session being rather thin. I'm keeping an eye on the economic calendar for the upcoming week, particularly any US data releases that might shake this sideways movement. The Fed's stance remains crucial, and any hints from upcoming speeches could certainly influence direction.
Replies
L
Actually, thinking more about those geopolitical tensions mentioned in the news, especially the oil price spikes, that could indirectly support the dollar by increasing demand for safe-haven assets. Even if the Fed is cautious, global uncertainty might provide a floor for DXY around these levels.
S
Hey @lily1507, yeah I saw that too. The oil prices going crazy could definitely give DXY a boost from safe haven demand. But I'm a bit skeptical if it'll last, feels very choppy right now.
Yeah @lily1507, the calm before the storm for sure. That oil news is wild, I'm surprised it didn't give the DXY more of a boost on Friday. I agree that the geopolitical tensions could be a good reason for a safe haven bid, but it just didn't feel like it was playing out that way. Maybe it's just lagging? Or maybe the market's already priced in some of that risk and is looking for other signals now. I'm kinda hoping it stays range-bound until some solid US data comes out next week, then we'll see a real move.