Most are waiting for
DXY
to stop and turn downward for the sake of commodities and EMs. Many times it looked like dollar index has turned down for good but now looking at the weekly chart, it looks like we might see a climb to 102.3 levels before it starts reversing. And if that happens than we'll see sub-90 levels though this whole thing can take a year or more to unfold. Keep an eye!
DXY
to stop and turn downward for the sake of commodities and EMs. Many times it looked like dollar index has turned down for good but now looking at the weekly chart, it looks like we might see a climb to 102.3 levels before it starts reversing. And if that happens than we'll see sub-90 levels though this whole thing can take a year or more to unfold. Keep an eye!
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Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
