The DXY has been rejected off a key level from the 2 year uptrend, however, continued weakness will ultimately push the DXY lower and allow precious metals to surge beginning in 2020.
The weakness in the DXY is mainly in anticipation of a deteriorating economy sometime in 2020 as well as a massive expansion in the balance sheet (quantitative easing).
Once we break below about 97.170 that will trigger more fierce selling.
In the longer-term when a recession happens look for yields to rise and the DXY to fall. No, contrary to popular and inaccurate belief, rising yields does not mean precious metals will fall.
Trump always said he wants a weaker US dollar. Lets see if he likes the end result...
- zSplit
The weakness in the DXY is mainly in anticipation of a deteriorating economy sometime in 2020 as well as a massive expansion in the balance sheet (quantitative easing).
Once we break below about 97.170 that will trigger more fierce selling.
In the longer-term when a recession happens look for yields to rise and the DXY to fall. No, contrary to popular and inaccurate belief, rising yields does not mean precious metals will fall.
Trump always said he wants a weaker US dollar. Lets see if he likes the end result...
- zSplit
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.