@SharpReef40 on DXY | PriceONN Community
S
I was watching a YouTube channel earlier, 'Forex Fundamentals Explained', and the guy was talking about how the DXY often moves based on interest rate expectations. He showed some charts that made it seem so clear, but then when I look at my own screen, it's just red and green lines going everywhere. He mentioned that higher rates tend to strengthen the dollar, which makes sense I guess because it attracts more investment. He also briefly touched on how safe-haven assets like the dollar can benefit from global uncertainty, which I've seen some hints of recently. It's hard to keep track of everything, though. I'm still trying to figure out if I should be looking at what the news is saying or just sticking to the price action on my charts. It feels like a lot to take in for a beginner.