You will hate me for that, but thats my guess for the next 4 weeks of ucad, to me its very likely that we extend the current downtrend, QE will push the usd further down, no matter what politicans say,
as long as Jerome Powell isnt saying he wants the dollar to rise, the dollar will not rise
Stocks and bonds may rise, the dollar wont, thats my guess so far, we will see how it develops ... we ll keep an vigilant eye of those bigger moves
1st Option highlited is a short continuation to the downside followed by a strong consolidation phase
2nd Option highlited is a longer move down till february, which may be could be interrupted by 1 or 2 consolidation phases
Of course there is always a probability for other developments, thats why we constantly track whats happening in front of us!
as long as Jerome Powell isnt saying he wants the dollar to rise, the dollar will not rise
Stocks and bonds may rise, the dollar wont, thats my guess so far, we will see how it develops ... we ll keep an vigilant eye of those bigger moves
1st Option highlited is a short continuation to the downside followed by a strong consolidation phase
2nd Option highlited is a longer move down till february, which may be could be interrupted by 1 or 2 consolidation phases
Of course there is always a probability for other developments, thats why we constantly track whats happening in front of us!