A reminder that you can use this simple, yet dynamic chart to get live info on different markets, assets and stocks at any time. Here’s the updated daily view of USD, pre-US open.
A very clear picture. Unc got above key resistance (now key support) at 92.50 and then it held the SMA 50 yesterday. It’s on a bit of a fade this morning, but it’s in rally mode above 92.50. A loss of that area sends me back to the drawing board on my long-held USD view.
For now I am balancing holdings between pro and anti USD, and pro and anti yields, and have found balance to be just the right thing until this macro market shows more of its cards. But Uncle Buck continues to be on the best bounce since the ‘Trump reflation’ dump began at the start of the year.
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