the bullish momentum in dxy/ bearish momentum in eur slowed down significantly most recently, this probably correlates with "an end in sight" of the FEDs interest rate hikes.
nevertheless there are more hikes to come and we havent seen US10y yield ranging around common interest rate targets around 5%.
the countermovement in dxy, the bullish break of eu's downtrend have endured for quite some time now and its probable we see the former momentum take over again for quite some time.
prepare for a bullish dollar and a bearish eur again.
targets for this something around early FEB next year, till then most rate hikes should be completed or announced.
nevertheless there are more hikes to come and we havent seen US10y yield ranging around common interest rate targets around 5%.
the countermovement in dxy, the bullish break of eu's downtrend have endured for quite some time now and its probable we see the former momentum take over again for quite some time.
prepare for a bullish dollar and a bearish eur again.
targets for this something around early FEB next year, till then most rate hikes should be completed or announced.
Comment:
yiels moved perfectly up as planned since last FOMC completed, Dollar is still ranging/fighting trend support and will probable follow yields up any time soon
