$BTC DXY experienced a slight pullback after recent strong momentum, which helped some assets rebound, but now it is retesting the recent breakout point of the trendline. Holding steady in this area will strongly indicate that the index will test the 100-101 range again, which could have a negative impact on speculative assets. Subsequently, the 100 level remains crucial for the macro outlook of DXY. The index's continued performance will largely depend on the geopolitical tensions in the Middle East. If tensions persist, oil prices will continue to rise, and the dollar will also strengthen, while a peace agreement could cause oil prices to fall again and negatively impact the dollar in the short term. In the long run, regardless of short-term macro developments, the argument that DXY will bottom in the macro range at the low 96-95 area remains unchanged,

BTC0,61%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin