If last week were a Netflix series, itโd be called “Dollar Domination: The Greenback Strikes Again” ๐ฌ๐ฟ. Seriously, the USD wasnโt just flexing; it went full-on beast mode, hitting 108 on the DXY scaleโits highest in YEARS. How? Geopolitical drama starring Ukraine, Russia, andโฆ nukes (because why not ๐). Add some terrible European data, and voilร ! The dollar struts away like a boss. ๐๐ช
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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!โdown they went. You hate to see it. Well, unless youโre trading USD longs. ๐๐ธ
๐จ๐ฆ But oh, Canadaโฆ The loonie said, โHold my maple syrup ๐.โ Thanks to a surprise CPI spike, it didnโt just surviveโit thrived! ๐ Sure, thereโs talk of a rate cut looming, but for now, the CAD is dancing on the dollarโs coattails. ๐
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๐ Whatโs Next Week Cooking Up? Spicy Markets Ahead! ๐ถ๏ธ
1๏ธโฃ Aussie CPI: The Bounceback? Expect a hot 2.3% YoY reading, proving the land down under is stillโฆ well, hot ๐ฅ. No RBA rate cuts anytime soon, mate.
2๏ธโฃ Kiwi Freefall Incoming? RBNZโs looking at a 50bps rate cutโbut what if they go wild with 75bps? ๐คฏ The kiwi might drop faster than your patience during traffic. ๐ฆ
3๏ธโฃ Eurozone CPI: Ticking Up? Inflationโs creeping back, but if the ECB flinches, parity for EURUSD might hit faster than you can say, โOops!โ ๐คทโโ๏ธ
4๏ธโฃ Canada GDP: Modest Moves. 0.2% MoM growth? Sure, itโs no fireworks, but the loonieโs steady hands keep it classy. ๐ผ
5๏ธโฃ US-Euro Drama: Rate divergence is the soap opera we canโt stop watching. Will parity make a comeback? Stay tuned. ๐ญ
๐ฌ So, traders, whatโs your play next week? Long the dollar? Hedge the euro? Or maybe just sip your coffee โ and enjoy the chaos from the sidelines? Drop your thoughts below! ๐
๐ Edge-Forex: Where markets meet mayhem, and YOU profit. ๐ Letโs keep that Road to a Million rolling, shall we? ๐๐จ
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This post is originally published on ROADTOMILLION.
