DXY BO & retested 100, putting pressure on gold,commodities & EM
DXY dollar index seems unstoppable with the 10-yr yield already nearing 3% after also stalling a while at 2.82%..
If 100 holds, then the 103 red zone will be the next target before retracing back to the blue uptrending line. it will be better if DXY retraces back to 97.
This rise is the reason why BTC, oil, commodities like WEAT, CORN, PALL, EWZ Brazil , EWA Australia & the emerging markets are stalling.
Not trading advice
If 100 holds, then the 103 red zone will be the next target before retracing back to the blue uptrending line. it will be better if DXY retraces back to 97.
This rise is the reason why BTC, oil, commodities like WEAT, CORN, PALL, EWZ Brazil , EWA Australia & the emerging markets are stalling.
Not trading advice