FxWirePro- DXY Daily Outlook 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR hits one week low, scope for further downside 
FxWirePro- MATICUSD (Chart of the day) 
FxWirePro- EURJPY Daily Outlook 
FxWirePro:GBP/NZD edges lower after early gains fizzles out 
FxWirePro-Major crypto levels and bias summary 
FxWirePro: EUR/NZD side lower shifts pressure to the downside 
FxWirePro: NZD/USD maintains bullish bias with focus on 0.6250 level 
FxWirePro- QNTUSD Daily Outlook 
FxWirePro: GBP/USD sustains gains as uptrend remains strong 
FxWirePro-Nikkei 225 Daily Outlook 
FxWirePro- USDCHF Daily Outlook 
FxWirePro- BNBUSD Daily Outlook 
FxWirePro: GBP/AUD continued trading above a key fibo hints at a recovery 
FxWirePro- Crude oil Daily Outlook 
FxWirePro- NZDJPY trade idea 
FxWirePro- DXY Daily Outlook
Major support- 100
Major resistance- 102
DXY showed a major pullback after strong data. It hit a high of 101.46 and is currently trading around 101.382.
US GDP and Initial jobless claims came above market expectations showing that the US is not in recession. This diminishes the chance of a rate cut by the Fed this Sep.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep decreased to 32.5% from 38% a day ago.
On the lower side, near-term support is around 101.20 and violation below will drag the index down to 100.60/100/99.57/99/98. Significant resistance is around 101.60, and breach above targets 102/102.75. Overall bearish invalidation is only above 103.
It is good to buy on dips around 101.20-25 with SL around 99.80 for a TP of 102.
