The DXY-adjusted BRENT has reached the previous level and is trying to move above the pre-pandemic highs despite the RSI divergence
The DXY-adjusted BRENT has already reached the previous level and is trying to move above the pre-pandemic highs despite the RSI divergence
Well the DXY is again entering the area of extreme overbought and threatens to bring down not only commodity markets but also the global trade. To be fair, this situation has been going on since late 2014, when a period of expensive DXY came, which led to pressure on commodity prices and frozen EM and is gradually coming back to the US through high inflation....
BITCOIN is a unique artificial asset that corresponds to this beautiful pattern on logarithmic scale P.S. Just Friday thougts under a full moon in Taurus
There is a range for the further consolidation FX_IDC:USDRUB*TVC:UKOIL/TVC:DXY*100
Breaking through the triangle even despite the upcoming S&P correction