Will DXY Hit 105? • Two Blokes Trading

For the 7th consecutive week, the Dollar Index finished in the green closing above 104 to

show strong support, the question is will the DXY hit 105? Jonathan and Rory both discuss their

thoughts on dollar going into a quieter week than usual for economic data

however the market will only be gearing up for what’s to come next week as the

US CPI is due to be released. A hawkish release could see another strong

dollar and the push to 105 whereas a dovish release could see DXY fall lower.

In Indices, US markets were closed on Monday following the labor day holiday.

European indices had a strong start to the day but later in the session fell-off due to stronger

efforts from China to support the property sector faded.

Jonathan talks about his views on GBPUSD and AUDUSD with both his predispositions being

short on the pair as he is still bullish on Dollar. Both pairs are stuck in

somewhat of a range but Jonathan thinks especially Euro has further to fall.

Jonathan also mentions how September can be a bearish month for stocks with negative

returns so buying stocks may not be the perfect time according to past data.

However he does mention, retail traders are not limited as most CFD products do

allow traders to short and still profit from the move.

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