Thy King Dollar
Short-term: bullish
Medium-term: bullish
Long-term (3 to 6 months): bearish
Technicals + 2 YR sovereign yield spreads are supportive of a potential bullish reversal for the US Dollar Index
DXY as long as 104.75 MT pivotal support holds.
Above 110.20 is required for a test on 114.80/117.10 key LT pivotal resistance zone where theDXY may start to kickstart a major (multi-month) corrective decline sequence.
US inflation expectations; 5 YR & 10 YR breakeven inflation rates have continued to remain soft since Mar/ Apr 2022.
Major peak of these rates tends to lead major peak of US Dollar IndexDXY (Mar 2005).
Current secular bull trend ofDXY since Mar 08 is coming to a tailed
Medium-term: bullish
Long-term (3 to 6 months): bearish
Technicals + 2 YR sovereign yield spreads are supportive of a potential bullish reversal for the US Dollar Index
DXY as long as 104.75 MT pivotal support holds.Above 110.20 is required for a test on 114.80/117.10 key LT pivotal resistance zone where the
DXY may start to kickstart a major (multi-month) corrective decline sequence.US inflation expectations; 5 YR & 10 YR breakeven inflation rates have continued to remain soft since Mar/ Apr 2022.
Major peak of these rates tends to lead major peak of US Dollar Index
DXY (Mar 2005).Current secular bull trend of
DXY since Mar 08 is coming to a tailed
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