We are seeing growing momentum in the dollar lately. This is NOT what the Fed wants and I believe they will do anything in their power to bring it down for continued inflation.
As much as everyone thinks the Fed has full control over the markets, I think everyone needs to remember that if this was true then we would NEVER see any type of market crash or major correction (1929, 1987, 2000, 2007, 2020). I am not saying that they aren't powerful because they absolutely are and can sway the markets any which way with monetary and fiscal policy changes. All I am saying is that they are not in 100% control.
With all that said, the dollar is holding the 20 MA and a break above 93.80 would be a bullish sign for the dollar. Not to mention that the VIX is also holding the 20 MA. This week is make or break to signal further downside ahead or continue a strong bull run. The feds really only have one option right now and that is to keep printing more money which I most certainly think they will. If a bill is passed, we will see further downside to the dollar and a very bullish rise in equities.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good Luck!
As much as everyone thinks the Fed has full control over the markets, I think everyone needs to remember that if this was true then we would NEVER see any type of market crash or major correction (1929, 1987, 2000, 2007, 2020). I am not saying that they aren't powerful because they absolutely are and can sway the markets any which way with monetary and fiscal policy changes. All I am saying is that they are not in 100% control.
With all that said, the dollar is holding the 20 MA and a break above 93.80 would be a bullish sign for the dollar. Not to mention that the VIX is also holding the 20 MA. This week is make or break to signal further downside ahead or continue a strong bull run. The feds really only have one option right now and that is to keep printing more money which I most certainly think they will. If a bill is passed, we will see further downside to the dollar and a very bullish rise in equities.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good Luck!