DXY SHORT
Why do I think the Dollar will decline for the next upcoming years:
Biden is about to become president of the United States of America, according to the improved polls (methodology has been updated). This can lead to the following events:
- Massive stimulus package released for the American people (more than 2 trillion dollars).
- Calm trading front with China, slight possibility of trading war so less uncertainty.
- Vaccines are being developed for Corona. This reduces economic risks when developed. Less uncertainty.
- Elections are over so less uncertainty who will become the next president.
All in all, uncertainty is reduced and this will move against the USD. Therefore I will see a decline of around 6% to the 88 level.
Please let me know what you think.
Biden is about to become president of the United States of America, according to the improved polls (methodology has been updated). This can lead to the following events:
- Massive stimulus package released for the American people (more than 2 trillion dollars).
- Calm trading front with China, slight possibility of trading war so less uncertainty.
- Vaccines are being developed for Corona. This reduces economic risks when developed. Less uncertainty.
- Elections are over so less uncertainty who will become the next president.
All in all, uncertainty is reduced and this will move against the USD. Therefore I will see a decline of around 6% to the 88 level.
Please let me know what you think.
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