Loading ...There seems to be a consensus that the Dollar may’is in a Bear mkt, this year….a number of big long term TA signals confirm that possibility…..we have broken below 200 day av and now have a golden cross down, 50 sub 200 , the Adens 65 week av is right here @ 102 on DXY.
Cable has a double bottom @ 1.0500 going back to 1985…..
Now why wud the Dollar go weak…the two big geopolitical events around are the Ukraine war…..that cud go worse and get even closer to WW III, with the way the west is throwing arms into Ukraine…that wud be dollar bullish…..2nd China goes into Taiwan, or puts on blockade…again that is dollar bullish…..
So what happens if China has had enough of the West trying to start WW III and goes after the US financial position…..where it is most vulnerable…..what happens if they go after the Gold shorts and demand delivery of all this Gold they are buying now……that wud wreck the Dollar…..
Something will drive the weak dollar, it may be the above.