Share this article:

22 September 2020
4 min read

Where's the dollar strength going to come from?

Macro news and views direct to your inbox every day. Join 5000+ speculators already improving their market knowledge, for free.

Email successfully sent. Please check your email.

Equities have had a bounce!

There's maybe some technical reasoning here.

The 100 daily exponential moving average has shown some support.

TradingView

I'd argue though that it's more to do with weakness outside of the US and a forced rotation into US equities after the threat of more lockdowns and the financials facing weakness yesterday saw broad weakness on European bourses.

But I want to focus on USD here since, in my view, starting from what the dollar is doing is the most important aspect of taking a top down approach to markets.

TradingView

Above is the dollar index -

Share this article:

Previous Post
Next Post