The dollar is pressing into a key resistance zone just as real yields continue to firm and the Fed quietly steps back from the “early-cuts” narrative. Inflation is still running above the comfort band, and the market is repricing the path of rates upward.
That combination keeps USD carry attractive and supports a potential breakout through this level.
The only thing that turns this into a rejection area is a sharp shift lower in inflation or a clear softening in growth data. Until then, the bias stays with a topside extension rather than a reversal.
That combination keeps USD carry attractive and supports a potential breakout through this level.
The only thing that turns this into a rejection area is a sharp shift lower in inflation or a clear softening in growth data. Until then, the bias stays with a topside extension rather than a reversal.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.