The US dollar got hammered on this Tuesday’s weak inflation data. This came after the USD breakdown and bear flag test of the breakdown. This simple video updates the situation, including the initial target of 103.50.
It’s not surprising that many commodities and markets are weak as Uncle Buck tries to flag. But if it’s a bear flag as I think it is, anti-USD market pressure should ease up soon enough.
Always love the video explanations. Picture speaks 1,000 words.
Thanks for taking the time to share your knowledge and experience with us.