DXY

The Fed on Wednesday and the Non-Farm Payrolls data on Friday are the most important developments of the week in terms of interpreting the course of the Dollar Index. In theoretical terms, index optimism supports the short- and medium-term expectations of a transition to the US Dollar. We will follow the developments both today and the rest of the week in terms of the extent to which the macro framework will support this. When we focus on today, we will meet the German Growth, US Conference Board Consumer Confidence and Employment Cost Index data. The Classic Dollar Index, while keeping the optimism above the 34 and 100-day averages (104.05 - 104.80 region) and the expectation that the trend movement will continue to the level of 107 tested in October 2023 in the foreground, offers a weak tempo in reaction thinking with the desire to stay above the level of 105.50 in the short term. Intraday 105.350 and 105.050 are the support points and 106.010 and 106.540 are the resistance points. Support: 105,350-105,050 Resistance: 106,010-106,540