jasperlawler

Turnaround time? DXY at 50% Fib of 2021 Rally.

Long
TVC:DXY   U.S. Dollar Index
Interesting moment for the buck.

Technicals - the leg down from 14-year highs has been fast-moving and now looks oversold. We've just nabbed the 50% Fibonacci retracement. A move back over the twin peaks could confirm a lot more upside
Fundamentals - Expectations for a Fed pivot combined with a 'soft landing' in the economy have sent the dollar tumbling alongside bond yields. But what if the Fed isn't done? or it's a hard landing?

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