USD, weekly
USD, monthly3 - outlook
Summary
Last week I noted a 1-2 week bounce to the DXY 95/96s looked viable.. and we're clearly now there. A brief hit of the 97s looks viable next week.. but from there, a 5-8 week decline to the 90/89 zone looks probable.
UUP, daily2, outlook
On any basis, I will look to be long USD - via UUP in the coming few months, although technically, any long-US equity position would certainly be a valid alternative for the rest of this year.
Despite what the 'dollar doomers' might wish to believe, the USD will remain King in the land of FIAT for some years to come.
Goodnight from London
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*the weekend update will be on the US weekly indexes