With focus shifting to new fiscal policies in the US, we think both US real yields and the US dollar are in a bottoming process, which leaves us neutral on the USD. We remain committed to risk-on, and continue to look for steeper curves in the US and higher US rates relative to Germany.
Currency & Foreign Exchange
We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment, closing short USD vs EUR , and getting long EURUSD .
There is good confluence on the Monthly , Weekly and Daily charts.
Currency & Foreign Exchange
We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment, closing short USD vs EUR , and getting long EURUSD .
There is good confluence on the Monthly , Weekly and Daily charts.
Note
euro breaks 1.22Note
taking full profit on the euro
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Disclaimer
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.