CCy Insight & Outlook: DXY & MAJORS

The end of the week's trading towards the end of the month plays a critical role in price action for the opening of the week's trading. Digesting the first sentence of this analysis is a double-edge sword for most strategist, as the market prepares for some position adjustments and the expected weekly reports would be in the highlight.

Fresh incentives would surely provide additional volatility coming from the market. For starters, the price action on the DXY opening with a slightly higher price @80.81 basis point in the early North American session is just about right. With higher expectations on consumer confidence; the current move has driven a correction for the European majors accordingly. With the USD Index touching a recent daily session high @80.97 and a tight low @80.64 would not really make much difference on the market place until the initial data would come mid-week.

CCy Insight & Outlook: DXY & Majors