U.S. Dollar IndexShort
Expecting Weakness In Dollar Into Year End
Updated
A timely update to the Dollar chart after clearing Fed minutes. Nothing to update after the third cut, Fed front loading the DXY decline over the coming months and quarters.
Firstly lets start with our Long-term Dollar chart:
Mainstream media selling the orderly brexit resolution and reflationary growth rebound to strategically converge the gap with the US. This is on track to work, a master stroke which will weaken flows into US assets.
EUR will benefit as collateral here with global yields higher it is going to squeeze the hand of the over leveraged US market, which will be the start of the turndown in US Equities:
I also see EURUSD rallying next year:
As widely expected since 2018...
For the short-term flows, all eyes on 98.00 as the key level in play for the rest of the year. Expecting market to turn offer into year-end and I target the 96 handle with potential for USD to continue the decline well into 2020.
Best of luck all those trading USD, jump into the comments with your ideas and charts!
Firstly lets start with our Long-term Dollar chart:
Mainstream media selling the orderly brexit resolution and reflationary growth rebound to strategically converge the gap with the US. This is on track to work, a master stroke which will weaken flows into US assets.
EUR will benefit as collateral here with global yields higher it is going to squeeze the hand of the over leveraged US market, which will be the start of the turndown in US Equities:
I also see EURUSD rallying next year:
As widely expected since 2018...
For the short-term flows, all eyes on 98.00 as the key level in play for the rest of the year. Expecting market to turn offer into year-end and I target the 96 handle with potential for USD to continue the decline well into 2020.
Best of luck all those trading USD, jump into the comments with your ideas and charts!
Note
USD breaking down for yearly end flows... eyes here for the rest of the week!Note
A good time to update the DXY chart here Note
A timely update to our DXY chart after FOMC 
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