Loading ...DOLLAR DILEMA
I’ve been Bullish on the US Dollar because of the expectation that Dollars are going to come home due to the Bank Backstop effected to save the System…BUT charts Trump “Fundamentals” and this chart is decidedly bearish
WHICH IS GREAT FOR GOLD
This looks like the chart of the DXY from the year 2000, which had multiple inverse head and shoulders formations, and on breakdown, the dollar went from a high of 121 to a low of 70.7 in Mar of ’08. This initial chart now could see a breakdown to 89.3 of the USD if the projection of the inverse head and shoulders now currently holds.
Agree Banimal…Hard to understand..as this means the Euro will Soar….all the while Europe seems to be Imploding
Maybe related to the Loss of Ukraine and loss of USD Hegemony to the Bricks