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DXY continuing to push higher

TVC:DXY   U.S. Dollar Currency Index
Another strong day for the dollar index as the bulls push higher. We now wait patiently for the 200EMA to be tested.

Is this fundamental data being priced in early? We have seen a volatile bond market recently and key economists predicting a strong dollar before the end of the year.

We covered this in our last publish looking at the DXY and how we could be looking to set up in the coming weeks/months under a new Biden administration. Vaccination numbers also continue to rise across the US, prompting more economic upturn coupled with the continued stimulus package being received by a large percentage of American citizens .

Biden has spoken about his plans, But where will the money come from? another $3trillion is going to be challenging.

Comments

In long run is a uptrend.
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