DXY:Will Fed Cut Rates in September?

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Hey Traders,

In today's session, we're eyeing a potential selling opportunity in the DXY around the 104.600 zone. Currently, DXY is in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 104.600.

From a fundamental perspective, the downtrend in inflation and easing economic conditions in the US suggest that a rate cut might be on the horizon in September. This dovish environment could weaken the dollar further.

Stay cautious and trade safe,
Joe

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the us unemployment has been rising since March
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DXY attempting to break above 104.3, building it way to the trend
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Broke above 104.300, let's see where CPI will take us this week!
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Broke above 104.400, almost in the trend!
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Fed Pres Barkin: Fed will debate wether the inflation is still elevated or not!
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Bank Of America expects a rate cut in September
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DXY is testing the trend again!
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Fed daly sees a decent improvement in inflation but not at the main target yet
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Fed's Williams: Central Banks must own the inflation control mission!
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