DXY Rebound from 93.8 - Expecting Fed to Maintain 10Y Bond Floor
I see overwhelming amt of negative press in the media regarding no chance of a Fed rate hike however I feel that most are overlooking the other supporting factors for a potential increase in Dollar Strength in the short term.
I am fundamentally biased to believe that the fed will be maintaining the 1.7% bond floor for reasons concerning economic stability and limitation of capital outflows from the US debt market (in order to sustain fiscal deficit for as long as possible before corporate earnings get too bad).
-BOJ indicates that it does not want to see the Dollar going any lower vs the Yen and I expect Yen to have a significant retrace after the extreme volatility seen in the past 2 months.
-Crude/Brent at a very high historical zone of resistance, expecting retrace along w/ UCAD following suit.
-Cable and Fiber seemingly unstable sentiment for the next few weeks especially with the latest Brexit polls out.
Best of luck!!
I am fundamentally biased to believe that the fed will be maintaining the 1.7% bond floor for reasons concerning economic stability and limitation of capital outflows from the US debt market (in order to sustain fiscal deficit for as long as possible before corporate earnings get too bad).
-BOJ indicates that it does not want to see the Dollar going any lower vs the Yen and I expect Yen to have a significant retrace after the extreme volatility seen in the past 2 months.
-Crude/Brent at a very high historical zone of resistance, expecting retrace along w/ UCAD following suit.
-Cable and Fiber seemingly unstable sentiment for the next few weeks especially with the latest Brexit polls out.
Best of luck!!
