Our January call for a bull leg in the US Dollar has played out as anticipated.
Our current view
- Bids continue to remain supported amidst risk aversion as flow shifts to safe haven markets. We see this theme well played out and now over extended. Opportunity to fade the rally.
- now ticking substantially higher which poses value erosion risk/issues which may be the catalyst for the sell off
Whilw we remain positioned net long risk off, our proprietary models are now signalling an unwind in the Dollar. We hold this view into our technical sellside targets where we will position ourselves net short.
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
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Until next time,
Macro Strategy & Portfolio Management