UnknownUnicorn5026590

My view on DXY over the next month.

Long
TVC:DXY   U.S. Dollar Index
As we have seen tremendous efforts from the likes of the EU and America , it begs to wonder if the stimulus will be enough to sustain a longer term correction to the upside of stocks that we have seen as of late. I believe there will be a retreat from the highs that we are seeing currently so I'am bracing my Portfolio and changing my outlooks vigorously in order to move away from a possible connotation that the stock market is making me have of a "dreamland".

Everything is cyclical in life , like the seasons. And with that in mind the economy is cyclical.

I have a bias that we will see economical indicators showing a stalling rebound in Economies worldwide , this propped up by Political tensions from the LIkes of US-China. With this and the view that USD is a safe harbour will make the Greenback go back up , just like GOLD and SILVER have as of late.


Thanks for viewing and reading!

This is not financial advice , Please always consider your own DD and RM.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.