Instrument: USDIDX
Bullish Preference:
A Buy position is envisaged if the price trades above 105.628 with take profit at 105.755
Bearish Preference:
A Sell position is envisaged if the price trades below 105.459 with take profit at 105.377
Fundamentals:
3:15pm USD Fed Chair Powell Speaks
Comment:
The dollar gained and world shares pared losses on Tuesday, as stocks on Wall Street surged and investors assessed Federal Reserve commentary about a too-strong U.S. economy that could require another interest rate hike to tame inflation.
The dollar gained and world shares pared losses on Tuesday, as stocks on Wall Street surged and investors assessed Federal Reserve commentary about a too-strong U.S. economy that could require another interest rate hike to tame inflation.
Analysis: SCRUM Team