DXY 1W

- Federal Reserve is set to announce whether they will cut interest rates or not. President Trump will certainly be hopeful that federal reserve chairman Powell will be aggressive and cut rates to help devalue the USD.
- If the federal reserve remains hawkish on the US economy, President Trump will try and reverse the US strength.

- USD Index shows the USD dollar remaining in a key consolidation channel formed a bearish close.
- We expect to see a slight recovery to the USD weakness - from last week with traders waiting for monetary policy announcement in order to see if the FED will cut rate.
- If the FED does cut rates by 0.5%, we will likely see the USD index pushing the lows and consolidation support.

Regards, GoldfXcc Team