ridethepig | Dollar for the Yearly Close

TVC:DXY   U.S. Dollar Currency Index
πŸ“Œ Dollar for the Yearly Close

Now comes the dollar complex which we have covered several times - the artificial devaluation which we were tracking in 2019 has arisen:

Dollar bears now have a good position, because it is looking highly unlikely that Trump can pull this off now and manage to force a stop to the artificial devaluation. This somewhat clumsy move of a Biden / Harris WhiteHouse alongside a GA senate flip which looks cooked to come in January - will expose badly the USD and nothing will be able to prevent it from hanging on.

The struggle to control a private debt problem by issuing more private debt is a serious mode for the birds.

... Monetary policy , or better said, Keynesian economics has the difficult task of proving its worth now:

For USD the chance of setting up a counter attack of the highs is diminishing on all wings.

As we are seeing, frequently the 90.0x handle has been difficult to crack, so it is clear that we need to pay attention to a breakdown here as it unlocks the possible momentum force towards the nearest support at 77.8x. Another extremely violent example of capital outflows looks around the corner for the U.S in 2021.

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