Despite helicopter money, #DXY seems to move upside
( this is not a financial advice, please consider calculating your own edge & risks in the markets )
My personal thoughts ;
- Despite the fact that FED promised to distribute unlimited USD -if necessary-, the markets will consume this USD-cash because especially in EMs and other countries there is a loss of confidence against local currencies.
- Big investors in the rest of the world ( outside US) will keep an eye on investing in US markets and buying US stocks as soon as the markets get well and move upside. That means, they will store more USD cash to catch the opportunities in the post-virus era.
- People will need cash to buy the goods and stocks will not have a meaning in a shutdown economics.
So, my personal gut-feeling says that we may see #DXY around 120 in short- to mid-term perspective.
and my curves for DXY seems to be working with a breakout of curve-zone. ( see below the related chart )
My personal thoughts ;
- Despite the fact that FED promised to distribute unlimited USD -if necessary-, the markets will consume this USD-cash because especially in EMs and other countries there is a loss of confidence against local currencies.
- Big investors in the rest of the world ( outside US) will keep an eye on investing in US markets and buying US stocks as soon as the markets get well and move upside. That means, they will store more USD cash to catch the opportunities in the post-virus era.
- People will need cash to buy the goods and stocks will not have a meaning in a shutdown economics.
So, my personal gut-feeling says that we may see #DXY around 120 in short- to mid-term perspective.
and my curves for DXY seems to be working with a breakout of curve-zone. ( see below the related chart )