US Dollar breaks 90, and it will be down to 87
Updated
I forgot if i was mention that i guess DXY you touch 87. In fact, USD weaker is no that usually even the Fed booted interest rate up.
Some news said that more money is coming back to US; a weaker USD is what Trump government expected. I don't suggest any long DXY trade because trader can not fight with a government. Gold broke 1320 line, i think it would touch 1340; As USD get weaker, DJI is going to be more higher as keep value assets.There are three stuffs should be look at: inflation rate, Labour index,and trading balance.
Countries who have US bonds try to up USD so many times, but US government looks like win this battle, ( it happens around the zones between 101-104 and 90-92).
If the fact is what i said , you have to be careful the future. HIGH GOLD PRICE, LOW USD are not good.
Some news said that more money is coming back to US; a weaker USD is what Trump government expected. I don't suggest any long DXY trade because trader can not fight with a government. Gold broke 1320 line, i think it would touch 1340; As USD get weaker, DJI is going to be more higher as keep value assets.There are three stuffs should be look at: inflation rate, Labour index,and trading balance.
Countries who have US bonds try to up USD so many times, but US government looks like win this battle, ( it happens around the zones between 101-104 and 90-92).
If the fact is what i said , you have to be careful the future. HIGH GOLD PRICE, LOW USD are not good.
Note
i forgot that the long position should be place above 92 or it is confirmed bull trend around 92
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