USD looking like it's put in a floor due to demand. @IPDA, you've been quiet lately. Thoughts? I'm thinking continuing consolidation in the 95 - 100 range.
Of course Trump, Putin, Zelensky and oil are big when it comes to the USD. I'm not sure of the impact on lower Fed rates though but I don't think we'll see any move lower when (probably) The Fed lowers rates.
And I'm pretty sure from my reading that oil producers are happier to have lower prices for a barrel of oil in order to enhance volume rather than higher prices and lower volumes. Say in the $50's and price stability is probably an important factor as well. Especially at volume.
Of course Trump, Putin, Zelensky and oil are big when it comes to the USD. I'm not sure of the impact on lower Fed rates though but I don't think we'll see any move lower when (probably) The Fed lowers rates.
And I'm pretty sure from my reading that oil producers are happier to have lower prices for a barrel of oil in order to enhance volume rather than higher prices and lower volumes. Say in the $50's and price stability is probably an important factor as well. Especially at volume.