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?