US dollar eases as traders eye December Fed cut on weakening US jobs market

https://www.forexfactory.com/thread/...7#post15410847

Why would the USD drop?

Right now the US economy is leading all the G20 nations.
PLUS
There is over 1 BILLION in long-term projects already underway (can you say Intel is building a manufacturing center?)
Oil & Natural gas production is ramping back to 2019 levels thereby lowering companies and peoples energy costs

There is so much more - now when you compare the numbers (which we don't have thanks to Democrats shutting down the Government) of the US to the EU there is no comparison as the US is expanding and the EU isn't

Long story short:
Just because we do or don't like something doesn't matter - we are peons in the game - just watch and observe - you'll be surprised at the things you can learn; like the US dollar ain't falling

Reaction on usd from 100 area came in, however i am convinced that usd index run plausable till 103 over next 2-3 months.

This bottom trend line uses the 2011 low as start point, if you instead use 2014 low the dxy is currently just above trend line support… and either way there is really no telling what’s going to happen since it’s so data dependent and we’ve been flying blind for over a month. Any pre conceived bias is likely to cloud judgement at this point imo.

^ and to clarify my own bias is that the dollar will drop eventually it looks to be the path of least resistance… just don’t think the charts are indicating that will happen in the short term, but who knows the lagging data could come out at any time. Depends on where jobs and inflation are trending… and ADP is a joke those numbers mean nothing.

Why 103? USD should drop to 83 instead of………. Tissue paper

let see how far this goes