USD, weekly
USD, monthly'3, rainbow
Summary
*a notable second blue candle on the giant monthly cycle... again, highly suggestive of a mid term top of DXY 100.71.
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On reflection, the USD could take many months... perhaps even the rest of this year to cool, before the next multi-month up cycle.
However, right now, my best guess is the USD will see a key floor in June/July... before resuming higher to the 120s. As ever.. a stronger USD will put downward pressure on most asset classes, but especially the precious metals and Oil.
Goodnight from London
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* the weekend post will be on the world monthly indexes