DXY has gone down for 8 months while EURUSD, AUXUSD, and USB30YUSD and many others have done great.
I will take profits today on GDX and SIL in my 401k. I will go long on UUP in my 401lk. I went short on a CADUSD future last night and EURUSD future this AM in my margin account. I am ready to short US equities (SPXUSD, NAS100USD, DJI), bonds, and commodities. A strong dollar is "deflationary" from a US perspective. Traders can wait for confirmation or take precautionary measures as desired.
I will take profits today on GDX and SIL in my 401k. I will go long on UUP in my 401lk. I went short on a CADUSD future last night and EURUSD future this AM in my margin account. I am ready to short US equities (SPXUSD, NAS100USD, DJI), bonds, and commodities. A strong dollar is "deflationary" from a US perspective. Traders can wait for confirmation or take precautionary measures as desired.
Note
AUXUSD should be XAUUSD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.