With the US greenback gaining momentum by reopening states in the USA, having enough vaccines for every American citizen and the fed pushing higher yield rates we could possibly see a retest of 92.00 before a pullback to previous support at 91.50-91.00. Also retail stores showing %increase from last year and re opening states like TEXAS have increased investor confidence.
I see this as a likely scenario as well. TVC is currently at a 3-year low.
Was far lower still in the 2008 recession, but since today's situation is not comparable to how messed up 2008 was, I think there's more likelihood for some sideways action and then the upside for most of the year. Until a correction comes along again, when a devaluation of the dollar will be embraced again to prop up markets.
Was far lower still in the 2008 recession, but since today's situation is not comparable to how messed up 2008 was, I think there's more likelihood for some sideways action and then the upside for most of the year. Until a correction comes along again, when a devaluation of the dollar will be embraced again to prop up markets.