The IMF said the U.S. currency is overvalued by 6% to 12% based on near-term economic fundamentals. The dollar index
, benchmarked against a basket of six currencies, fell 0.2% on that, boosting gold
which is a contrarian trade to the dollar. In another hand, markets are currently pricing the odds of a quarter-point interest rate cut at 100% for the end of the month. With a constant daily traded volume
and a price increase, odds of a bullish
1440.000 (+1450$ per lot).
and buy lower points while we don't break down 1400.00.