they trade inverse to each other much of the time but not always
and divergence, also one day I think gold will go up regardless of
what the dollar does when things break in the future
also gold tends to follow the Franc and Euro more, they both
were starting to show some pos div relative to gold
Posted by DigiNomad on 23rd of Aug 2023 at 01:42 pm
UUP/DXY - this is essentially what I expected to happen - a
false breakout...for now (it's back in the channel). The dollar's
day to decide whether to break out or not is Friday. To be honest,
even if JP is hawkish, I think we're setup for a short to medium
term dollar reversal here anyway. Unless he's super hawkish...then
DXY/UUP will scream higher and breakout.
dollar UP and gold UP
UUP continues to try breakout but does not seem to ...
Posted by skwan1940 on 23rd of Aug 2023 at 09:58 am
dollar UP and gold UP might surprise some people!
they trade inverse to each
Posted by matt on 23rd of Aug 2023 at 10:09 am
they trade inverse to each other much of the time but not always and divergence, also one day I think gold will go up regardless of what the dollar does when things break in the future
also gold tends to follow the Franc and Euro more, they both were starting to show some pos div relative to gold
UUP/DXY - this is essentially
Posted by DigiNomad on 23rd of Aug 2023 at 01:42 pm
UUP/DXY - this is essentially what I expected to happen - a false breakout...for now (it's back in the channel). The dollar's day to decide whether to break out or not is Friday. To be honest, even if JP is hawkish, I think we're setup for a short to medium term dollar reversal here anyway. Unless he's super hawkish...then DXY/UUP will scream higher and breakout.
Look at 10 Year Yield
Posted by steve on 23rd of Aug 2023 at 10:00 am
Look at 10 Year Yield (now USD fading)