Normally the dollar index follows the US 10 year yield pretty closely.
Since December there have been a massive divergence.
Which trend is correct? $ to low or the yields to high?
My view based on how oversold the dollar is and how it has been hammered over the past year but even more so over the past 3 months the $ is very close to turning around.
This will correlate with my views on EURUSD & GBPUSD ( see my postings on these pairs)
If the yields are overstated it could turn around and the $ could continue its path down but this is not my preferred view
Lets see how this one pans out. Something has gotta give in the next few weeks and Q1 set to be key in giving direction for the rest of 2018
Since December there have been a massive divergence.
Which trend is correct? $ to low or the yields to high?
My view based on how oversold the dollar is and how it has been hammered over the past year but even more so over the past 3 months the $ is very close to turning around.
This will correlate with my views on EURUSD & GBPUSD ( see my postings on these pairs)
If the yields are overstated it could turn around and the $ could continue its path down but this is not my preferred view
Lets see how this one pans out. Something has gotta give in the next few weeks and Q1 set to be key in giving direction for the rest of 2018