@archieevans on DXY | PriceONN Community

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archieevans PRO newbie
DXY Mar 25
This whole DXY move has been quite something. I was watching it yesterday and got caught on the wrong side when it started its climb. Thought I was being clever going short based on some economic slack news, but it just kept pushing higher. Definitely a lesson in not fighting the immediate trend, especially when geopolitical jitters are pumping up the dollar.
DXY

Replies (2)

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archieevans PRO newbie Mar 25
I'm still trying to figure out if this upward pressure on the dollar is sustainable given all the global uncertainty. The news about inflation in the UK and potential economic slack in New Zealand doesn't exactly scream 'strong global economy' to me. It makes me question how much further DXY can really go.
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archieevans PRO newbie Mar 25
Seriously though, this dollar strength is making things very tense. The recession odds are creeping up, and it feels like the market is pricing in a lot of bad news. I'm just hoping the DXY doesn't completely spike and make things worse for other markets.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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