Instrument: USDIDX
Bullish Preference:
A buy position is envisaged if the price trades above 103.310 with take profit at 103.426.
Bearish Preference:
A sell position is envisaged if the price trades below 103.065 with take profit at 102.958.
Fundamentals:
1:30pm
USD Core PCE Price Index m/m
USD Unemployment Claims
Comment:
The dollar steadied in Asian trade after steep losses this week, as weaker-than-expected GDP and employment data spurred bets that the Fed has limited headroom to keep raising interest rates. But optimism over such a scenario was largely dulled by signs of continued weakness in China, as data released on Thursday pointed to a sustained decline in manufacturing activity.
Analysis: SCRUM Team