DXY QTR Outlook
**Dollar (DXY) Fundamental Analysis**
As we begin trading this last week of March, we look for price action of all USD based pairs to bring us easy continuation setups this week. As per every Monday, we remain patient and allow impatient hands to jump in bearish or bullish, so that we can react to price action accordingly. I am bullish on the U.S. Dollar as of now, for a few major fundamental reasons. The technicals speak for them self -- namely, a rising channel with consistent high-lows.
Fundamentally, I can best break it down like this:
**The dollar is trading firm in a very counter intuitive fashion. What is counterintuitive about the U.S. dollar fundamentals exactly? A FED that is on hold, global growth slowing, and rates that continue to move lower.**
At the end of the day, regardless of President Trump or Powell, these fundamentals are making the dollar very expensive to broker for institutions outside of the United States. This directly reflects my exchange outlook for DXY, (the majority of which is weighted down by the Euro, approx. 57%) as bullish for the near-term of a 4 months.
As we begin trading this last week of March, we look for price action of all USD based pairs to bring us easy continuation setups this week. As per every Monday, we remain patient and allow impatient hands to jump in bearish or bullish, so that we can react to price action accordingly. I am bullish on the U.S. Dollar as of now, for a few major fundamental reasons. The technicals speak for them self -- namely, a rising channel with consistent high-lows.
Fundamentally, I can best break it down like this:
**The dollar is trading firm in a very counter intuitive fashion. What is counterintuitive about the U.S. dollar fundamentals exactly? A FED that is on hold, global growth slowing, and rates that continue to move lower.**
At the end of the day, regardless of President Trump or Powell, these fundamentals are making the dollar very expensive to broker for institutions outside of the United States. This directly reflects my exchange outlook for DXY, (the majority of which is weighted down by the Euro, approx. 57%) as bullish for the near-term of a 4 months.
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