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Hedge_Of_The_World
Mar 23, 2021 6:46 PM

King Dollar is Back, Baby Long

U.S. Dollar Currency IndexTVC

Description

Having met our previous target of 92.50, then cooling off a bit in recent trade, we're seeing the dollar make a run for a potential new near term high. Our new target is the 200MA (M) around 95.25. If long ended yields catch intraday support off their 21 day EMA's, we could see another leg higher toward 2% on the 10Y yield, and the 2.5% level on the 30Y yield, implying a rough month/quarter end for both the bond, and stock market. Let's see what happens as the majors lose critical supports...
Comments
EmptyEternity
Leaving precious metals to be smacked down..
Hedge_Of_The_World
@EmptyEternity, Yup! Silver is taking it on the chin. Crypto too..
jojofang0901
agree with the USD getting strength :) thx
Hedge_Of_The_World
@jojofang0901, Thanks buddy!
Whitey75
is the dollar getting stronger or is the rest of worlds fiat losing purchasing power faster than king dollar?
Stock_Holiday86
@Whitey75, its getting stronger in the short term due to the broad selling of assets. We all know this will be short lived. Cash is trash
Hedge_Of_The_World
@Stock_Holiday86, Well said. Let's see if the risk-off mood sticks. Buy the dippers already stepping back into the indexes...
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