Tuesday 1 February 2022

NEWYORK SESSION Today




 * DXY CORRECTION is currently in progress.  Most likely after the NEWYORK SESSION today the USD is more likely to STRONG again.


 * VIX INDEX is currently moving to DOWN SIDE.  VIX 24.83 is in the PRICE LEVEL.  However, if you fall below the VIX 20 LEVEL, the DEMAND for HIGH BEATA CURRENCIES can go up.

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 * RBA MEETING was held today.  However, they did not make any changes to the INTEREST RATE.  They expect to end QE on February 10th.  They further stated that LABOR DATA and INFLATION DATA FOCUS.  They say that LABOR DATA will be much better in the future than they expected.  They expect a 2% growth in GDP in 2023.  They say inflation will rise to around 3% in the coming quarters.

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