DXY WEEKLY
DXY hitting strong level of supply is breaks suspect a retest then continue higher to comply with double bottom targets.
Due to news of US having only two weeks until runs out of money.
Due to the amount of Stimulus that has been given out has caused inflation to rise which in turn makes CPI increase.
This has made the US02Y & US10Y bond yields to rise which has made the NASDAQ and other US indexes to drop
As well as Evergrande trading halt as the Chinese housing market will effect US there in turn the global market slow down due to lack of demand of raw materials and manufacturing ( Australia & US) respectively
In order to combat this either government stops spending to reduce inflation but will effect employment or interest rates to rise.
Some parts of Europe (Czech Republic has increased interest rate higher than expected)
I anticipate for DXY to continue rising
Due to news of US having only two weeks until runs out of money.
Due to the amount of Stimulus that has been given out has caused inflation to rise which in turn makes CPI increase.
This has made the US02Y & US10Y bond yields to rise which has made the NASDAQ and other US indexes to drop
As well as Evergrande trading halt as the Chinese housing market will effect US there in turn the global market slow down due to lack of demand of raw materials and manufacturing ( Australia & US) respectively
In order to combat this either government stops spending to reduce inflation but will effect employment or interest rates to rise.
Some parts of Europe (Czech Republic has increased interest rate higher than expected)
I anticipate for DXY to continue rising
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.
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.