DislikedJust wondering, why isnt there anyone who talks about DXY on a weekly bullish?Ignored
3) the agenda is slowly being realized by business people, and they are starting to doubt the dollar as a safe-haven asset and are moving their money to more reliable assets like gold or locations.
5) most of U.S debt is unsecured and only backed up by T-notes. In happening of a default they would become useless.
6) Activism by FED, IMF and ECB killing regional banks and prosecuting anyone involved in crypto banking.
7) statement by Powell last year in december that the dollar cannot remain as strong, as it would bring unnecessary trouble to allied nations.
the direction of the year is bearish, proably intentional cause of politics/agenda, a debt is payable/manageable if its paid in a depreciated currency. They could use other allied nations as proxies for selling goods in the local currency.
Also they capped the oil prices which gives relief to american industry.
The inflation is over and there wont be a recession, instead there will be a hyperexpansion of industry/productivity thus requiring an ever growing workforce and skilled labour. This will require more migration and work participation(pension age increased..) and an overvalued dollar without inflation might lead to less labour participation.
anyways the overall situation will make investors secure their money through other means and locations.
This is bearish for the dollar, and can only be reversed through new confidence or by technical measures.
just my 5 cents..
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