The US Dollar Index last week are unable to stay above 12260 levels even though there was an increase of consumer prices and retail sales numbers. Ultimately, the Fed policy direction until December are still clear and recent stocks are under pressure for investors to look back into US dollars. The long-term still remains as unchanged constructive for bull, till price stay below 12150 levels going forward. Looking into medium-term still remains unchanged, where the US Dollar Index could continue its way towards 12330 levels progresses. The short-term are suggesting back to sideway might be seen for upcoming week till prices break above 12260 to constructive for bull. Overall, the medium-term bull structure prevails until prices stays below 12100 levels.
Upcoming Thursday is a US thanksgiving day, a US Federal holidays. Wishing all US citizen, a happy holiday.
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Upcoming Thursday is a US thanksgiving day, a US Federal holidays. Wishing all US citizen, a happy holiday.
Disclaimer:
Any opinions, news, research, analyses, prices or other information contained in this content is provided as general market commentary and does not constitute investment advice. ForexBriefcase will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.