The USD remains bullish worldwide, but there is room to break the uptrend of the DXY. Compared to the EUR, this could indicate a bullish breakout of the falling wedge in EURUSD.
It is somewhat peculiar to consider this, given that the US is moving towards more liberal policies while the EU is becoming increasingly socialist and lacking in industry. In theory, the EUR should disappear before the USD.
One thing to consider is that the US has $10 trillion available, spread across various countries. From a conservative perspective, which Trump's trying to do, the de-dollarization of the world could lead to significant inflation and heavily impact currency exchange rates.
This could lead to a fake bullrun on assets.
God bless Switzerland and liberalism.
It is somewhat peculiar to consider this, given that the US is moving towards more liberal policies while the EU is becoming increasingly socialist and lacking in industry. In theory, the EUR should disappear before the USD.
One thing to consider is that the US has $10 trillion available, spread across various countries. From a conservative perspective, which Trump's trying to do, the de-dollarization of the world could lead to significant inflation and heavily impact currency exchange rates.
This could lead to a fake bullrun on assets.
God bless Switzerland and liberalism.
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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.
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.