A nice indicator to follow up in currency world I'm describing here.
Notice that in late 2015 DXY made it's historical top while Trasure maturity rate was making a top too. Right now the same is happening. DGSE 5 years are going up bring dollar up too.
Today the same historical top was tested, but you can notice that DGSE5 is not at the same level.
You can have 2 interpretations, this is why you should be neutral, till enough signals are developed. Although I'm speculationg a long position carefully.
1- Dollar wont pass the 100.5 points, while treasury rate don't go higher than it was december 2015.
2- The macro forces behing dollar appreciation are so strong that even with treasury rate bellow it was, dollar is rising at the same point. and will surpass 100.5 while treasury rate continues to go higher.
___________________________
in mean time LAC (latin american and carribean) currencies that appreciate much strong than DXY depreciation are starting to fall rapidly has I said in my other "idea".
Notice that in late 2015 DXY made it's historical top while Trasure maturity rate was making a top too. Right now the same is happening. DGSE 5 years are going up bring dollar up too.
Today the same historical top was tested, but you can notice that DGSE5 is not at the same level.
You can have 2 interpretations, this is why you should be neutral, till enough signals are developed. Although I'm speculationg a long position carefully.
1- Dollar wont pass the 100.5 points, while treasury rate don't go higher than it was december 2015.
2- The macro forces behing dollar appreciation are so strong that even with treasury rate bellow it was, dollar is rising at the same point. and will surpass 100.5 while treasury rate continues to go higher.
___________________________
in mean time LAC (latin american and carribean) currencies that appreciate much strong than DXY depreciation are starting to fall rapidly has I said in my other "idea".
So far so good.