"US Dollar:
The daily chart is trending up with some negative divergence, the weekly sports a fairly bullish pattern that has not yet activated by exceeding its neckline and the monthly chart shows that USD has been rallying in 2018 after finding key long-term support and has been in a cyclical bull market since 2011, when the last big inflation trade blew out.Powell’s jawbone was (probably not intentionally) aimed squarely at the strong dollar, which many currency watchers consider to be over valued, given the current state of US policy tightening vs. limited potential for further tightening. But with the world’s reserve currency, I would have caution about such automatic and linear thinking. One real asset market implosion and USD would likely get a liquidity bid that would be a real humdinger.But in the near-term, if USD does sell down due to policy expectations several US sectors, global markets (still down trending) and commodities (technically broken) should benefit, for a hearty bounce at least." --- Ino.com
pmd3nka
"US Dollar: The daily chart is trending up with some negative...
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Last
8,705.0 |
Change
5.900(0.07%) |
Mkt cap ! n/a | |||
| Open | High | Low |
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| XAO (ASX) Chart |
