All Eyes On The DXY Heading into Friday's Jobs Report
In an otherwise boring and uneventful Monday, let's notice that DXY (Dollar Index) has pressed beneath its prior, significant pivot low at 92.63, established last Aug 24.
Inability of DXY to reverse to the upside in the hours ahead will leave it in a very precarious position-- dangling off of a major support plateau that, if violated, has the potential to unhinge a powerful, 15-month top formation that should send positive vibes through the commodity complex-- perhaps just what the Fed ordered?
