@ashley2000 on DXY | PriceONN Community
This quiet Sydney session is almost unnerving for DXY. With all that noise from the Iran conflict pushing dollars up, I expected more action past 100. We've got US inflation data and the FOMC minutes coming up this week. Those are going to be the real drivers, I think.
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Actually, rereading my own post, I'm feeling more bullish on DXY heading into the week than I initially said. The dollar's strength despite the quiet session suggests underlying demand. That recent news about Iran, while volatile for gold and oil, definitely adds a bid to safe-haven assets like the dollar. Even if the inflation data disappoints or the FOMC minutes are dovish, the geopolitical risk premium alone should keep DXY supported. I'm watching for a clean break above 100, maybe even testing R1 at 99.72 if the early moves are strong. It feels like we're building momentum for a bigger push higher.