Weekly Outlook based off DXY USD movements
As we come to a close this Friday DXY has reached its 4hr channel bottom and began a slow climb showing possible signs of a reversal in progress. With high level news coming next week could send DXY to its upper channel level + nearing rate news.
With a strong possible bullish DXY we should see two major plays:
1) short oil*
2) short EU
*do research (Im short)
- USD Durable Goods Orders (JUL P)
- USD Advance Goods Trade Balance (JUL)
- USD Gross Domestic Product (Annualized) (2Q S)
- USD Gross Domestic Product Price Index (2Q S)
[* ]Fed Chair Yellen to Speak at Jackson Hole Policy Symposium
With a strong possible bullish DXY we should see two major plays:
1) short oil*
2) short EU
*do research (Im short)
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