Hi Guys,
The above structure subdivide 2019 in four phases: A, B, C and D.
A and C move up. B and D move down.
At the start of 2020 the Index began a sharp move up showing a very strong US dollar and almost reached the psycologically important level at 100.
E represents a new phase commenced in 2020.
ABCD phases were all quite regular. E clearly shows a deviation.
Question time:
a) what may have been the cause of such deviation?
b) why is the US dollar strenghtening so much?
c) will DXY climb above 100, consolidate or drop?
d) what is the impact of forthcoming US Presidential elections?
e) what maybe the impact on world economies with a strong US dollar?
Please share your views or comment and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
The above structure subdivide 2019 in four phases: A, B, C and D.
A and C move up. B and D move down.
At the start of 2020 the Index began a sharp move up showing a very strong US dollar and almost reached the psycologically important level at 100.
E represents a new phase commenced in 2020.
ABCD phases were all quite regular. E clearly shows a deviation.
Question time:
a) what may have been the cause of such deviation?
b) why is the US dollar strenghtening so much?
c) will DXY climb above 100, consolidate or drop?
d) what is the impact of forthcoming US Presidential elections?
e) what maybe the impact on world economies with a strong US dollar?
Please share your views or comment and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
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The answer to a):
The sentiment at 31 Dec 2019 was the following:
- Positive economic growth and a relatively higher interest rates compared to the rest of the world mean that the U.S. dollar still has enough juice to push higher through 2020;
- With the U.S. expected to lead the western world in economic activity, many analysts see further momentum in the dollar for 2020;
- A rough consensus estimate shows that economists expect the U.S. economy to grow around 2% next year. Meanwhile, the European economy is expected to grow by about 1% next year;
- the big target for the year will be 100. The last time the index traded at that level was late April 2017;
(source: www.kitco.com/news/2...-with-a-whimper.html)
The sentiment at 31 Dec 2019 was the following:
- Positive economic growth and a relatively higher interest rates compared to the rest of the world mean that the U.S. dollar still has enough juice to push higher through 2020;
- With the U.S. expected to lead the western world in economic activity, many analysts see further momentum in the dollar for 2020;
- A rough consensus estimate shows that economists expect the U.S. economy to grow around 2% next year. Meanwhile, the European economy is expected to grow by about 1% next year;
- the big target for the year will be 100. The last time the index traded at that level was late April 2017;
(source: www.kitco.com/news/2...-with-a-whimper.html)
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COVID2019 or CORONAVIRUS played an important factor at the beginning of 2020 across all financial markets incl.DXY:
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Form the above snapshot we note the following:
a) Jan.2020 was up and corrected at the end of the month;
b) Feb.2020 was even more up and is beginning a correction right at the end of the month;
a) Jan.2020 was up and corrected at the end of the month;
b) Feb.2020 was even more up and is beginning a correction right at the end of the month;
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