To everything (turn, turn, turn)
There is a season (turn, turn, turn)
And a time to every purpose, under heaven
The dollar’s dip has been a headwind for the markets, but it’s served a purpose: resetting various carry trades and putting things on firmer footing for the next stage. I don’t know whether central bankers will be able to pull it off. I don’t even know how they’ll attempt it (though I have some suspicions.)
I only know that EURUSD’s reversal at our 1.1470 target from Jun 13 [see: The Rally That VIX Built] is quite important. And, if DXY should slip below its recent lows, equities are not going to take it well.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |