Expecting Weakness In Dollar Into Year End

2019년 11월 21일

A timely update to the Dollar chart after clearing Fed minutes. Nothing to update after the third cut, Fed front loading the DXY decline over the coming months and quarters.

Firstly lets start with our Long-term Dollar chart:

Mainstream media selling the orderly brexit resolution and reflationary growth rebound to strategically converge the gap with the US. This is on track to work, a master stroke which will weaken flows into US assets.

EUR will benefit as collateral here with global yields higher it is going to squeeze the hand of the over leveraged US market, which will be the start of the turndown in US Equities:

I also see EURUSD rallying next year:

As widely expected since 2018...

For the short-term flows, all eyes on 98.00 as the key level in play for the rest of the year. Expecting market to turn offer into year-end and I target the 96 handle with potential for USD to continue the decline well into 2020.

Best of luck all those trading USD, jump into the comments with your ideas and charts!

2019년 12월 2일

노트

USD breaking down for yearly end flows... eyes here for the rest of the week!

2019년 12월 4일

노트

A good time to update the DXY chart here

2019년 12월 12일

노트

A timely update to our DXY chart after FOMC