DXY is looking Bullish for December
Opinion:
As we track the FOMC meetings and the Federal Reserve's hawkishness on the markets, I can still see the DXY retesting for new highs in the upcoming year. We're potentially looking at another .5% increase on the 13-14 when the next meeting is scheduled.
Inflation is NOT over, this chart is one of the key factors, long-term, that makes me wonder if we've even doing anything to alleviate this subject.
As many of my traders know, the DXY has an inverse correlation with BTC and this could be catastrophic for BTC and other cryptocurrencies. Cryptocurrency is NOT going to just explode as we go into a global recession. Sorry, "moon boys and girls."
As for the U.S. markets, while inflation will rise in the upcoming months, balance sheets are still going to be sold off, asset prices will drop and our goods and services will still become more expensive. 2023 could be much worse than the last 3 years economically and more importantly, globally.
As we track the FOMC meetings and the Federal Reserve's hawkishness on the markets, I can still see the DXY retesting for new highs in the upcoming year. We're potentially looking at another .5% increase on the 13-14 when the next meeting is scheduled.
Inflation is NOT over, this chart is one of the key factors, long-term, that makes me wonder if we've even doing anything to alleviate this subject.
As many of my traders know, the DXY has an inverse correlation with BTC and this could be catastrophic for BTC and other cryptocurrencies. Cryptocurrency is NOT going to just explode as we go into a global recession. Sorry, "moon boys and girls."
As for the U.S. markets, while inflation will rise in the upcoming months, balance sheets are still going to be sold off, asset prices will drop and our goods and services will still become more expensive. 2023 could be much worse than the last 3 years economically and more importantly, globally.
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