DXY

We are on the most important day of the week. Before the Fed meeting on May 1, the markets will reach the result of the PCE Inflation data, which is a leading indicator for inflation and which the Fed also includes in its projections. Following the latest employment and especially inflation data, the markets are pricing the Fed to cut interest rates in September, and the answer to the question of whether this idea will be supported by the PCE data or revised is important in terms of the course of the Dollar Index. While the classic Dollar Index keeps the reaction idea below the 105.50 - 105.60 region on the agenda before the critical data, optimism on the 34 and 100-day averages (104.00 - 104.73 region) and the expectation that the trend movement will continue to the 107 level tested in October 2023 continue. Intraday support at 105.350 and 105.050 and resistance at 105.890 and 106.010 are emerging. Support: 105,350-105,050 Resistance: 105,890-106,010