I sense that everyone is bearish the dollar due to the Fed actions. As you know, I am firmly in the dollar bull camp.
This chart helps explain my view - the dollar is cyclical and as the ISM falls to 35 or lower, the dollar should rally hard (+18%) (Dollar inverted here)
This chart helps explain my view - the dollar is cyclical and as the ISM falls to 35 or lower, the dollar should rally hard (+18%) (Dollar inverted here)
Why do I think 35 for the ISM? It& #39;s basically what the weekly ECRI is telling us...
And the ADXY Index of Asian currencies would continue lower in the worlds largest head and shoulders top pattern...
I think the market& #39;s narrative of QE = lower dollar will prove to be a false narrative as the economic fundamentals, dollar debt dynamics and negative trade flows will force the dollar ever higher.
I think the Euro should be the first tell...
I think the Euro should be the first tell...