What the DXY can Expect from the FOMC Statement

15 Ara 2021

The US dollar has edged upward, recovering from the selloff after it rejected 96.44. It was able to recover those losses and then some, hitting our next level at 96.56. We have since retraced a bit from this level but are finding good support at 96.44 again. We are currently holding the very narrow range in between these levels. From here, we will need to wait for the FOMC statement today, which will come out this afternoon. In particular, pay attention to their inflation expectations. If higher than expected, or if they come out more hawkish than expected, then we could easily hit the 97 handle again. If not, we should see support at 96.24 again, then 95.82, if we are able to break through the vacuum zone.

15 Ara 2021

Not

Looks like the US dollar is pricing in a more hawkish FOMC statement ahead of the formal release at 2PM EST. We are currently encroaching upon the last level in the 96 handle. There is a vacuum zone above this to 97.

15 Ara 2021

Not

Fed signalling 3 rate hikes next year = USD 🚀