dollar index DX My view on the dollar index is that 1) we hit a...

  1. 3,067 Posts.
    lightbulb Created with Sketch. 27
    dollar index DX

    My view on the dollar index is that
    1) we hit a trend line
    2) we have a double top and a rejection on Friday
    3) when the markets were melting away in Nov and Dec 2018, the dollar index fell
    4) the fed is done raising rates. maybe even start to ease.
    5) US government bond yields are falling with the 5 year under the 2 year and the 10 year not far off. 1 yr is already yielding more than the 7 year. I am no expert in this area but I read a falling yield is dollar bearish.


    upload_2019-3-9_17-56-3.png
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.