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Will_Wong

DXY-A macro view. With the FED committed to reducing its balance

U.S. Dollar Index (TVC:DXY)  
Will_Wong Updated   
TVC:DXY   U.S. Dollar Index
Wave Analysis
9
2
waveanalysis
Sheet and raising rates, there is only one way for the USD to go and it is up. This lines up well with the next wave up to complete the leading diagonal.
Comment:
Going back to 1986 presents a different view which is equally compelling. It is counter intuitive how QE1,2,3 and artificially suppressing the interest rates to near zero can cause the USD to rise from 2009 to 2015. Conversely, reduction of the balance sheet, raising interest rates should cause a rise in the USD but because of what happened in 2009-2015, it could have the opposite effect of dropping the USD. I am no expert in macro economics. Just charting what I see. Hope it makes some sense in a senseless world.



snapshot

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