This is it for the dollar hitting major resistance trendline. Next week will be green for everyone on the markets, no way this thing keep rising above the channel , cpi data next month will be the most important of all time. For now DXY could hover around and or decrease at this level
lol wouldn't short till 120. There's nothing bearish fundamentally for dxy.
Todopoderoso
⋅
@yupyupyup you think inflation will keep going up for ever ? all it will take is a cpi reading showing it has peaked and slow down. then fed will start to cut rates again. Don’t forget they already added .75 bp too many times in a row should start to make a difference
yupyupyup
⋅
@Todopoderoso, LOL look at the 2 year bonds and the 10 year bonds....that's all you need to know about what the bond market thinks about inflation lasting a LONG time.
yupyupyup
⋅
@yupyupyup, 50% of yields are inverted.....LOL. Good luck there bully I wish you the best.
yupyupyup
⋅
@yupyupyup, "A yield curve inverts when long-term interest rates drop below short-term rates, indicating that investors are moving money away from short-term bonds and into long-term ones. This suggests that the market as a whole is becoming more pessimistic about the economic prospects for the near future."
Todopoderoso
⋅
@yupyupyup good luck to you smart man everyone think they are right.