$DXY - US Dollar's move is just the beginning

INDEX:DXY   U.S. Dollar Index
121 5 5
The rise in dollar seems to be deliberate. Rising dollars means more money flowing into the US and hence, an opportunity for FED to sell the bonds they have accumulated during the QEs. Rise in USD also harms Crude oil             , and therefore, a threat to Russia. Makes big sense!
I like this idea. I have been bleating about this for a while that price could go to 100 long term. Here comes deflation...
+1 Reply
Given that the move so far is just the breakout, i think it can reach 100.
Olu seine
We need to keep out eyes on the ball here. Within each monthly candle on the chart you put up there will be a lot of innuendos where price will try to trick us to think otherwise. The net movement after all is said and done will be more upside for the $
nice chart
+1 Reply
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