Fed Chair Powell's remarks after the May 1st decision will shape monetary policy expectations going forward.Learn more here>>for three rate cuts this year have declined, the Fed's message will be crucial in determining the future trajectory of monetary policy.
Interestingly, the dollar started the week with a bearish bias against other major currencies despite the potential market volatility from this week's data releases. Resistance has remained strong at the 106 level for the past three weeks, while support holds at 105.4. Overall, strong US economic data could see the DXY establish a base around 106 and potentially climb further towards 107. Conversely, dovish signals from Powell coupled with weaker data could trigger a dollar decline, supporting risk assets.Institutions and billionaire investors worldwide are already well ahead of the game when it comes to AI-powered investing, extensively using, customizing, and developing it to bulk up their returns and minimize losses.
US Dollar Index
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