We have a full house of markets; Euro still alone holding against the flow. NFP was a clear overshoot sending signals that hikes are beginning to weight heavier in equities.
THE EASY PART OF THIS MOVE IS LONG GONE!
Lets try to make this idea productive for all; extreme divergence between dollar and euro and just the pure chance of making that gap even wider unlocks rather dangerous levels in the euro both on a macro economic front and inflation.
What is your overall view on U.S. dollar please? Do you think 103-104 is the highest point in DXY and this is the end of global dollar uptrend?
UnknownUnicorn135402
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Seems logical. DXY is also sitting at 61.8% Fib from 70 to 121. What troubles me is NZDUSD and Gold. On monthly chart Kiwi looks like it's begging for a short trade. Gold looks very bearish on weekly chart to me as well.