DXY will find support above 103.70

As the global economy continues to recoil after the US Fed rate increase - watch for the USD/DXY to find support above 103.70 and flag sideways/higher over the next 15+ weeks.

I suspect any continued Fed rate increases will put further pressure on global markets/currencies and drive foreign investment in USD assets throughout 2023.

Yes, the US economy is contracting - which is exactly what the Fed wants (breaking inflationary trends). But, that does not mean the US economy is CRASHING.

What is happening is the strength of the US economy/USD is creating a capital-shift we've not seen since the early 2011~2013 bottom.

Foreign investors are rushing away from risk - towards safety, security, & ROI. That means they are seeking the safest, strongest economy on the planet, with the best chance of ROI.

I believe that is the US economy (the strongest on the planet) which is currently ON SALE at a 40% to 70% discount.

Pay attention.