Dollar Party Ending
We are at the end of a rising wedge, indicating a fall. likely a steep one. RSI / Stochastic also agree.
One can only wonder why the Fed would be hawkish and wanting to raise rates in the midst of China playing hardball with Treasuries and devaluations, and everyone else racing to the bottom with negative rates even...
US housing market is tightening up as well, due to China Increasing their controls to prevent more capital flight to the states...
With the 'curious' jobs data, and other official reports, all claiming the dollar to be King... I would wary of going further long on the Greenback.
One can only wonder why the Fed would be hawkish and wanting to raise rates in the midst of China playing hardball with Treasuries and devaluations, and everyone else racing to the bottom with negative rates even...
US housing market is tightening up as well, due to China Increasing their controls to prevent more capital flight to the states...
With the 'curious' jobs data, and other official reports, all claiming the dollar to be King... I would wary of going further long on the Greenback.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.