Dollar Index bounced from bull flag bottom and now breaking out. If that move continue in the same direction targets are February close at 104.95 and zone above up to 105.35

#dollarindex #DXY #usd

#US - #CPI (Apr):

MoM = +0.3% (expected +0.4% / previously +0.4%)
YoY = +3.4% (expected +3.4% / previously +3.5%)

Core CPI = +3.6% yoy (expected +3.6% / previously +3.8%)

Inflation is still confirmed at 3.4%.
This is very high from the level the #Fed is expecting.

On the back of yesterday's PPI there were expectations to see 3.5-3.6. But overall the situation is still complicated by the fact that there are no clear views on when the US will be able to control inflation, when the Fed will cut interest rates and when the situation will stabilize.

How long this decline in the #dollarindex will be within the medium term is unclear. We will watch the situation further

#DXY Using the 92-100 range and it's extensions. (Monthly📊 )

❗Breaking below 103.7 will give the start of Phase 1🚀

#dollarindex #Bitcoin #Crypto #stockmarket

#DXY follows 3D chart pattern 👌🏼

Still I find it strange and suspicious that neither stock indexes nor #Bitcoin didn't had much bullish reaction to today's dump. Most probably because its Friday and nobody does serious trades before weekend. Next week will reveal it all.

#dollarindex #usd