The Dollar Index (DXY)
Key news events today
USD Flash Services PMI
USD Flash Manufacturing PMI
What can we expect from DXY today?
The DXY remained below the 104 price level overnight. However, as the price rejects the 103.70 price level, look for a potential breakout to the upside with market volatility expected to return. With the services and manufacturing PMI data expected to indicate a slight increase, look for the DXY to break above the 104 price level to signal further upside potential, with the near term high of 104.60 a potential target level.
Central Bank Notes:
Federal Reserve hiked rates by 25bps taking interest rates to 4.75%
Next meeting is on 23 March 2023
Ongoing rate increases will be expected
Next 24 Hours Bias
Weak Bullish
