DOLLAR COLLAPSE IMMINENT? $USDX BREAKDOWN LOOMS
US Dollar Index $DXY is on the brink. If it craters below 96.2, expect a 3% freefall. The Fed meeting is critical. A dovish pivot or dollar support is possible. But a weak rebound or daily close lower screams BEARISH. Meta, Microsoft, and Tesla earnings reports are also under fire. Their underperformance hits US consumption hard. This could be the nail in the dollar's coffin.
DYOR. Not financial advice.