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Update on the US versus Euro Area unemployment rate. US trending upwards, while the EU Area is quite stable. US came in at 3.9% While EU Area is hovering between 6.4% - 6.5%

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This chart shows the bullish SMT Divergence happening across the US Treasury Bond yields. According to the ICT methodologies this could indicate a potential continuation for the DXY Index higher.

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In this chart you can see the interest rate differential for the FED versus the ECB. I have outlined a possible scenario in rate cuts highlighting a bearish Euro/bullish US Dollar. If the ECB will cut rates before the FED it will enlarge the differential, which is a bearish outlook for the Euro.