charttrader
Long

$DXY Dollar trade-weighted cycles tend to last on average 8 year

INDEX:DXY   U.S. Dollar Index
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877 12 29
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$DXY             Dollar trade-weighted cycles tend to last on average 8 years

* There are many indicators that tell us interest rates are too low
* There is no precedented history to have rates at zero. I think we are really behaving in a way which is outside of historical norms and that should make us nervous
* Given the unemployment rate, and even given low inflation , we are below where we would normally be
* US inflation below target but not that far below target
* The dollar is not our responsibility
* Could be some reverberations from stronger dollar, but should be relatively small
* We should not respond to every wiggle of financial markets
* Don't think buying assets is the solution to creating more inflation
* Challenges for both euro             zone and japan to lift inflation
IS this only beginning of the cycle in the dollar appreciation?
+3 Reply
Algokid PRO charttrader
Yep, with ECB and Bank of Japan starting their own "QE" program, the USD will definitely get stronger
+5 Reply
Good point.
+2 Reply
yes, contrary to hype of dollar losing its status, US$ will go parabolic. US$ will be strengthening while other Majors will be diluting themselves more.
+3 Reply
Let Treasury stuff come along with for USD to go higher ~
+1 Reply
Also, the dollar is inversely correlated to oil ( - 92 % apprx) when the dollar rallies, we can expect lower oil rpices, perhaps $60 , even $ 50 a barrel is not too far fetch
+5 Reply
Yep, really good point BTW
+1 Reply
Nice call Algo Kid
+2 Reply
$1,039 keeps coming up as a Gold target for me. $USD has huge upside potential...$91.oo handle by February. I have USOIL hitting $73.60 pretty easily, then we can probably discuss $58.89. Sounds crazy, but looks possible.
+3 Reply
Zing! US Dollar goes much higher. However, needs a breather that was a 100 meter sprint.
Reply
Agree the dollar is in an uptrend, however using exact lows and highs, imho the dollar could witness a long term top similar to 1985 & 2001 in 2017 ? Although it could be a process like 2000-2002 making a tripple top? It's all to tbd. TY for posting great charts!
snapshot
+1 Reply
Still long - any ripples coming up?
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