DXY - SELL Update
Trade update for a short sell recommendation on the DXY (U.S Dollar Index)
The Dollar is structurally weaker across the markets based on the following fundamentals.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) Negative 1trillion current account balance.
3.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar.
We have a downside target of $88.00
The Dollar is structurally weaker across the markets based on the following fundamentals.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) Negative 1trillion current account balance.
3.) $2 Trillion Fiscal stimulus package in 2021 will put further downside weakness on the U.S dollar.
We have a downside target of $88.00
Kayan Kalipha
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