The DXY is cooling off but is the run over? Unlikely in my opinion but I am by no means an absolute master. So take the following with a grain of salt.
Ive noticed people on Twitter have stopped calling for the Dollar top to be in. Including myself when I thought the Double top would lead to a pull back. Little did I know what was actually going on.
Each local top the Dollar has put in, the correction held support right at the top of the Blue Zone on the FIBZIA (.764)
Worth noting that it corrected below all previous local tops but printed HL's the entire way. I dont think this time will be different.
I also do not think the FED will choose to prolong the inflation war and pain to cater to the U.N. who is pleading for a pivot.
High rates are making it hard for smaller countries and economies pegged to the dollar to service their debt and the USD will continue to destroy them while sucking up the liquidity.
If the FED pivots early it hurts America and at the end of the day I think the US will want to retain its status as the top dog no matter what happens to other countries.
Cue the #milkshaketheory
If you have never heard of this term or theory its def worth the 5 minute search.
Ive noticed people on Twitter have stopped calling for the Dollar top to be in. Including myself when I thought the Double top would lead to a pull back. Little did I know what was actually going on.
Each local top the Dollar has put in, the correction held support right at the top of the Blue Zone on the FIBZIA (.764)
Worth noting that it corrected below all previous local tops but printed HL's the entire way. I dont think this time will be different.
I also do not think the FED will choose to prolong the inflation war and pain to cater to the U.N. who is pleading for a pivot.
High rates are making it hard for smaller countries and economies pegged to the dollar to service their debt and the USD will continue to destroy them while sucking up the liquidity.
If the FED pivots early it hurts America and at the end of the day I think the US will want to retain its status as the top dog no matter what happens to other countries.
Cue the #milkshaketheory
If you have never heard of this term or theory its def worth the 5 minute search.
