@NicholasP26 on DXY | PriceONN Community
I've been watching DXY and it feels like it's really tied to what's happening with silver lately. When silver starts looking shaky, like with that inflation talk and the Fed potentially hiking rates, DXY tends to get a bit of a boost, even if it's just temporary. It's not a perfect correlation, but I've seen it play out enough times to pay attention. Silver dropping below $60 would be a big deal and I'd expect DXY to react positively to that.
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And seeing how the AUD/USD and NZD/USD are also struggling because of dollar strength really reinforces that connection for me. It's all interconnected.
C
Hey @NicholasP26, I get what you're saying about the DXY and silver connection. It does seem like when silver gets hammered due to inflation fears, the dollar gets a little bounce. But honestly, it feels more like a coordinated effort by the big players to make it look like there's a correlation, just to keep us small guys guessing and trading against the real trend.