Dollar Index Heading to 160 ?
If you think that’s possible, it might be worth reading this. Its been common knowledge for ages, but now it’s here
If you think that’s possible, it might be worth reading this. Its been common knowledge for ages, but now it’s here
Exactly the point, Northstar.
I’m missing something here. 160? or 60?
Petroyuan is “presumably” dollar bearish. That means 60 on dxy.
BUT … gold is now trading in Shanghai (nothing happened), and there has been Tokyo crude futes trading for years, so this could all be a tempest in a teapot.
AND … I think we have a major dollar bottom forming up next month in any event.
MEANING … bull trap for CRB sector perhaps?
We’ll see Pedro. I disagree completely though. Yes, Petroyuan is dollar bearish (the article explains why). My dollar target is 70 or less this cycle (could be a lot less if things take a turn for the worse). Clearly there are many who disagree, and I respect that. These are just my views, which I try to explain using the charts which I post. All will be revealed soon 🙂