Are the American bulls strong? Apakah banteng Amrik gagah?

The greenback had a great fortnight since early May. The start of the third week, the bulls seems sluggish. With the Debt Ceiling issue still hanging in the balance, it could go either way. As such, the general consensus is that the Fed had done a good job in reducing the inflation rate to 4.9% with the Fed Funds rate at 5.25%. Jerome Powell's dovish speech, slowed the bulls on Friday's close. On the technical side (see above chart), seems that the bulls may want to take a breather until mid-week. With unemployment numbers looking better, we can expect the bulls to charge the DXY to 104.20 and 104.70 by the weekend.

Dolar US, telah mengalami kekuatan selama 2 minggu pertama bulan Mei. Permulaan minggu ketiga, para banteng kehabisan nafas. Dengan isu Debt Ceiling yang masih belum ada kepastian, kemungkinan bisa kedua arah. Namun, secara garis besar, konsensus menyatakan bahwa the Fed telah melakukan kerja dengan baik. Dimana tingkat inflasi telah menurun ke level 4.9% dengan suku bunga Fed di level 5.25%. Pernyataan Jerome Powell yang dinilai dovish telah melemahkan para banteng pada penutupan minggu lalu. Secara teknikal, para banteng akan hadir dipasar pertengahan minggu. Dengan tingkat pengangguran semakin membaik, ada kemungkinan para banteng akan mendongkrak DXY ke level 104.20 lalu 104.70 pada penutupan minggu ini.