USA
DXY: Waiting for the DeclineGreetings to all.
I expect the US dollar index to decline in the medium term.
Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental/technical criteria or events change in the future, I do not assume any obligation to update this article.
DXY short term bear, longer term bull. We are in a massive descending channel since some time in the 1980s or so. The idea shows how our dollar may return to the orange trendline and continue on its way up until summer 2024 or so. Are bears here to stay until 2024? In my opinion: The sooner we reach the top of the channel, the better. Most of us hold stocks and crypto lol... Mostly posting this so I can see how it plays out in 2 years. I will post other timeframes in comment section below.
When this trendline breaks, Japan may hyperinflateJapan's central bank is buying unlimited amounts of Japanese debt in order to maintain yields around 0.25%. This ratio shows yields over the central bank's balance sheet. When this trendline breaks to the upside, it essentially means that Japanese debt is being sold faster than the central bank can buy. Japan may be going through some serious financial events very soon.
www.cnbc.com
The bank of Japan is selling US treasuries in order to buy more Japanese treasuries. This may cascade into US problem of rising interest rates and unsustainable debt levels being that Japan is the largest foreign holder.
www.bloomberg.com
GOLD : Despite the interest rate hike, gold is destined to flyOANDA:XAUUSD
Gold is ready to fly to 1910-2000. This is a first flight and the next flights are coming, despite raising the interest rate of the Federal Reserve to 75 basis points and clarifying that there is an increase in interest rates in the upcoming meetings, which gives us evidence that the market is saturated with the impact of this news, so technical analysis and geopolitical supports She is the decision maker.
The press conference of the US Central Bank was weak in response to solve the inflation crisis, and even confirmed that inflation may stabilize at 2.2% in the year 2024 after two years, and this depends in parentheses depends that the upcoming US data must be positive, and today it was negative such as unemployment and housing data
And the next worse for the US dollar .
The best purchasing area is: 1835-1832
As a correction after going up to 1845 book your entry and stop loss below 1822
and goals:
1855
1865
1875
And the last is 1885
DXY EconomyThu
6/9
Z.1 - Financial Accounts of the United States
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:30 p.m.
H.4.1 - Factors Affecting Reserve Balances
Fri
6/10
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:15 p.m.
H.8 - Assets and Liabilities of Commercial Banks in the U.S.
Mon
6/13
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.10 - Foreign Exchange Rates
4:15 p.m.
H.15 - Selected Interest Rates
Tue
6/14
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
Wed
6/15
1:00 p.m.
CP - Commercial Paper
2:00 p.m.
FOMC Meeting
Two-day meeting, June 14-15
Press Conference
4:15 p.m.
H.15 - Selected Interest Rates
Thu
6/16
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:30 p.m.
H.4.1 - Factors Affecting Reserve Balances
Fri
6/17
9:15 a.m.
G.17 - Industrial Production and Capacity Utilization
1:00 p.m.
CP - Commercial Paper
4:15 p.m.
H.15 - Selected Interest Rates
4:15 p.m.
H.8 - Assets and Liabilities of Commercial Banks in the U.S.
S&P Breaking Key LevelPattern: Bearish Pennant
Trend: Bearish on the D and Bearish on the 4HR
Entry: Searching for cheap entry around the breaking level
Indicators: ATR, Moving Average
Position: Short
Levels:
* StopLoss: above the upper trend line on the pennant -4150.00
*TakeProfit: Retest of the previous low -3880.00
*RiskReward: 2