WHY WE ARE BEARISH USD
We have been looking for USD weakness for a while now due to the current situation in the Bond Market. There was risk to the upside however if the
FOMC were hawkish the USD could have spiked further. But despite them mentioning gradual rate hikes, they were focused on data and monitoring inflation which is under the current 2% targets.
This has seen the USD fall today and if price breaks and closes below the previous lows will be looking for USD weakness to continue.
FOMC were hawkish the USD could have spiked further. But despite them mentioning gradual rate hikes, they were focused on data and monitoring inflation which is under the current 2% targets.
This has seen the USD fall today and if price breaks and closes below the previous lows will be looking for USD weakness to continue.
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