If last week were a Netflix series, it’d be called “Dollar Domination: The Greenback Strikes Again” 🎬🍿. Seriously, the USD wasn’t just flexing; it went full-on beast mode, hitting 108 on the DXY scale—its highest in YEARS. How? Geopolitical drama starring Ukraine, Russia, and… nukes (because why not 🙄). Add some terrible European data, and voilà! The dollar struts away like a boss. 🏆💪
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Meanwhile, the euro and pound were like those players who show up but forget to score. Weak PMIs, political chaos, and poof!—down they went. You hate to see it. Well, unless you’re trading USD longs. 😂💸
But oh, Canada… The loonie said, “Hold my maple syrup 🍁.” Thanks to a surprise CPI spike, it didn’t just survive—it thrived! 👏 Sure, there’s talk of a rate cut looming, but for now, the CAD is dancing on the dollar’s coattails. 💃
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🌟 What’s Next Week Cooking Up? Spicy Markets Ahead! 🌶️
1️⃣ Aussie CPI: The Bounceback? Expect a hot 2.3% YoY reading, proving the land down under is still… well, hot 🔥. No RBA rate cuts anytime soon, mate.
2️⃣ Kiwi Freefall Incoming? RBNZ’s looking at a 50bps rate cut—but what if they go wild with 75bps? 🤯 The kiwi might drop faster than your patience during traffic. 🚦
3️⃣ Eurozone CPI: Ticking Up? Inflation’s creeping back, but if the ECB flinches, parity for EURUSD might hit faster than you can say, “Oops!” 🤷♂️
4️⃣ Canada GDP: Modest Moves. 0.2% MoM growth? Sure, it’s no fireworks, but the loonie’s steady hands keep it classy. 💼
5️⃣ US-Euro Drama: Rate divergence is the soap opera we can’t stop watching. Will parity make a comeback? Stay tuned. 🎭
💬 So, traders, what’s your play next week? Long the dollar? Hedge the euro? Or maybe just sip your coffee ☕ and enjoy the chaos from the sidelines? Drop your thoughts below! 👇
🌟 Edge-Forex: Where markets meet mayhem, and YOU profit. 🌟 Let’s keep that Road to a Million rolling, shall we? 🚗💨
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This post is originally published on ROADTOMILLION.
