Update 27/09/19
From 24/09/19
This daily chart for DXY plots the course of the Primary [B] wave and once again prospectively discovers the long lost appearance of a conclusion. At the very least, the end is now closer.
However, a weaker dollar requires a loss of confidence causing a shift away with not many places to actually go. The cause of the ongoing strong dollar appears to be trying even harder to drive it further on as their own currency is devalued in order to stimulate their economy at the expense of their competitors. So what will bring the [C] wave? Perhaps some economic surprise that generates inflation and thereby the clear expectation of ongoing rate increases so as to contain inflation and maintain price stability. The one thing that cannot be handled - a genuine economic recovery.
No comments:
Post a Comment