Daily Currency 🧵- Nov 10th, 2022
$DXY #DXY
The dollar is holding a bid ahead of the CPI print today. Remember, it's bullish trend until it isn't. Lower VAMP AND momo MUST hold for the trend to remain intact.
$DXY #DXY
The dollar is holding a bid ahead of the CPI print today. Remember, it's bullish trend until it isn't. Lower VAMP AND momo MUST hold for the trend to remain intact.
$EUR (largest $DXY component)
EUR is back under parity this morning ahead of US CPI. For the time, we're still holding above mid-VAMP, but parity has been the key for quite some time now. If we can't hold it post-print, watch for lower VAMP.
$EURUSD #EURUSD #USDEUR $USDEUR
EUR is back under parity this morning ahead of US CPI. For the time, we're still holding above mid-VAMP, but parity has been the key for quite some time now. If we can't hold it post-print, watch for lower VAMP.
$EURUSD #EURUSD #USDEUR $USDEUR
$JPY (2nd largest $DXY component)
Despite the Yen edging off its lows, we're still under the BoJ initial intervention level. Can we get back above and squeeze some shorts or will this shit the bed post CPI? Trend remains🐻
$JPYUSD #JPYUSD $USDJPY #USDJPY
Despite the Yen edging off its lows, we're still under the BoJ initial intervention level. Can we get back above and squeeze some shorts or will this shit the bed post CPI? Trend remains🐻
$JPYUSD #JPYUSD $USDJPY #USDJPY
$GBP (3rd largest $DXY component)
The pound is holding just under mid-VAMP after pulling back yesterday. Downside risk to lower VAMP remains present. We're still deep 🐻 and there's a lot of work here to do before we can confirm a bottom.
$GBPUSD #GBPUSD $USDGBP #USDGBP
The pound is holding just under mid-VAMP after pulling back yesterday. Downside risk to lower VAMP remains present. We're still deep 🐻 and there's a lot of work here to do before we can confirm a bottom.
$GBPUSD #GBPUSD $USDGBP #USDGBP
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