Tomorrow is going to be a crazy day#fomcTHE HUNTER ✴️ (@TrueGemHunter):💥 Dollar Index $DXY is dumping — down 11% since January.Driven by expectations of upcoming #FOMC rate cuts.Positive: Risk assets love it. #Bitcoin, alts & equities usually pump as investors flee cash.Negative: A weaker dollar can reignite inflation pressures.The dollar’s https://t.co/4lT7IYOoCb ...

Market Trends - The Dollar Index DXY fell to its lowest level since July 4, with a nearly 05% intraday drop [1] Analyst Report - Deutsche Bank's foreign exchange weekly report suggests avoiding the US dollar [1]

#数据 美国8月未季调CPI年率录得2.9%，符合预期；季调后CPI月率录得0.4%，高于0.3%的预期。9月6日当周初请失业金人数意外录得26.3万人，高于23.5万人的预期，为2023年6月17日当周以来新高。#行情 现货黄金短线上扬10美元，美元指数下跌30点。 https://t.co/yXY7A1BbFg ...

Core Insights - The dollar is currently trapped in a range, with a potential for a downward breach below July lows, indicating a possible ending diagonal pattern [1] - Upcoming US CPI data is crucial, as it may influence market expectations regarding interest rate cuts by the Federal Reserve [2][3] - A significant drop in crude oil prices could lead to a flat or softened inflation reading, impacting the dollar's performance [3] Economic Indicators - US inflation is expected to rise to 2.9% from 2.7%, but a softer reading could trigger a sell-off in the dollar [3] - The market anticipates that the Federal Reserve may cut rates, with speculation on the extent of the cuts [2] Technical Analysis - The Elliott Wave analysis suggests that the dollar's rise from July lows is corrective, indicating potential further weakness [4] - A target below 96 is indicated for wave C of wave five, but caution is advised as ending diagonals can signal trend reversals [4] Historical Context - A comparison is made to September 2024, where the dollar initially fell before stabilizing and recovering after a rate cut, suggesting a possible similar scenario may unfold [6]