Previous talk about USD destruction, etc. have come a long way, and the USD indeed has devalued due to fundamentals. However, it broke out of a falling triangle/wedge, tested and is on the break out. For whatever reasons, the skew in the markets have pushed the USD too far down, and it is time for a USD rise. Clearly, sparked off by fear and such... so much so that bonds, precious metals and crude will be affected.
In retrospect, in mid-September, the signal was given as a preemptive warning.
Now, it is in a true breakout and should have its effect on dropping Gold and precious metals such as Silver. Crude would suffer. Bonds should be in good demand, etc.
Technically, the MACD (middle panel) is already showing support. The BMT (lowest panel) showing the relative strength and momentum is also breaking up with gusto, in good support for a size-able run up.
The USD Index is about to have a massive run up towards the end of the year, targeting 102 possibly, based on chart pattern break out.
In retrospect, in mid-September, the signal was given as a preemptive warning.
Now, it is in a true breakout and should have its effect on dropping Gold and precious metals such as Silver. Crude would suffer. Bonds should be in good demand, etc.
Technically, the MACD (middle panel) is already showing support. The BMT (lowest panel) showing the relative strength and momentum is also breaking up with gusto, in good support for a size-able run up.
The USD Index is about to have a massive run up towards the end of the year, targeting 102 possibly, based on chart pattern break out.
相关观点
USD Futures
Auguraltrader
Premium
about USD1!