Market Overview

US Dollar, Stocks and Yields Head in One Direction: Which One Is Wrong?

 

DX
+0.03%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

Markets are in risk-on phase when looking at stocks, but it’s a completely different thing when looking at US Dollar Index Futures and Yields which are all still in uptrend.

The question is which one is right and which is wrong? Well, I think that now when the stocks are at the highs, there will be more and more buyers trying to catch this run, so the dollar will be exchanged for shares, and this is what can cause dollar to come down, or at least prevent it from rising too far.

However, the important event this week will be the US CPI tomorrow at 14:30 CET, when the market expects a drop from 3.4% to 2.9% y/y. Looking at DXY its still a corrective rally, waiting on a top in this 104-105 area.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button