Post #15216

DXY Daily: We made it. 🎯 From here I am pretty neutral on USD. - Short term momentum favors upside - Longer term momentum favors ranging environment - Fundamentals look stronger for the US than other places (GDP growth and unemployment rate % are considerably stronger than G7 peers) - Ongoing trade negotiations make the USD uncertain. Biggest downside risk IMO would be a surprise breakdown in trade dynamics with China. - IF trade dynamics do continue to improve, uncertainty settling could send the USD back into the mid 100s. For now, I will remain on the sidelines with USD in terms of currency pairs. - Nick