DXY: Weakness will Lead to Surging Precious Metals in 2020

TVC:DXY   U.S. Dollar Currency Index
The DXY has been rejected off a key level from the 2 year uptrend, however, continued weakness will ultimately push the DXY lower and allow precious metals to surge beginning in 2020.

The weakness in the DXY is mainly in anticipation of a deteriorating economy sometime in 2020 as well as a massive expansion in the balance sheet (quantitative easing).

Once we break below about 97.170 that will trigger more fierce selling.

In the longer-term when a recession happens look for yields to rise and the DXY to fall. No, contrary to popular and inaccurate belief, rising yields does not mean precious metals will fall.

Trump always said he wants a weaker US dollar . Lets see if he likes the end result...

- zSplit


agreed! DXY headed to 93 in 2020 and new all-time lows in the not so distant future
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter