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Gab
Mar 26, 2018 11:01 AM

DXY KING DOLLAR Short

U.S. Dollar Currency IndexTVC

Description

New oil futures contract denominated in Yuan trading on the Shanghai International Energy Exchange (INE) this morning.

ine.cn/en/
bloomberg.com/news/articles/2018-03-26/china-s-first-ever-yuan-oil-futures-begin-trading-in-shanghai

Looks ready for the next fall. Possible EW count:
Comments
Gab
" Its not that CNY will quickly supplant USD; it's that the dire US fiscal situation (300B in UST auctions this wk alone) requires no USD share loss EVER or else LIBOR will rise till something breaks, then Fed will have monetize US deficits. " Luke Gromen
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