End is near
Note
Weak momentum USD up. Limited upside, larger downsideNote
King Dollar last gasps. Critical March 10/20 period coming. No momentumNote
Ops solid jobs report cannot lift the USD. Why? Because US Finmin wants devaluation.. this is how it happens at the margin, first slowly, then all at onceNote
The downside in DXY is around low 90s. It is a question of few weeks for the decline to start, IMHO. Next week is very criticalNote
Big picture after FED: Clearly yesterday set the expectations going forward to the max, meaning this is cap from monetary policy. So in order for USD to devalue what is needed is the rest of CB to be less dovish (just like BOE with 1 vote for a hike today). So then perception spread will narrow and as a result, USD will devalue vs rest.
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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.