DXY

As the countdown begins for the US CPI data, which is the main focus of global markets, we watched the Classic Dollar Index's effort to stay above the 34-day average on the first trading day of the week. When we return to today, the data on the employment market from the UK and the inflation (PPI) from the US and the Fed Chairman Powell's speech attract attention. Before today's data, the Classic Dollar Index continues its course above the 34-day averages (104.25 - 104.98 region), accepting the 34-day average as the bottom. This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. The 105.160 level can be followed in intraday downward movements. In case of falling below this level, the support of 105.010 may become important. In possible increases, 105,580 and 105,850 will be monitored as resistance levels. Support: 105,160-105,010 Resistance: 105,580-105,850