ACTV - If The Fed Plans To Cut Rates Then Why Is The Dollar Firm?
2024-03-25 23:25:00 ET
Summary
- Something does not compute with the dollar. It is showing bottoming-action, delivering another “golden cross”.
- A stronger dollar has preceded, or coincided, with sell-offs in the stock market and other risk assets, as the dollar is generally viewed as a safe-haven trade.
- I don’t think we will have a bear market of the 2022 variety, but I am saying that as far as the dollar is concerned, some type of correction is likely, according to recent history.
Something does not compute with the dollar. It is showing bottoming action, delivering another “golden cross” – a situation where the 50-day moving average crosses the 200-day moving average from below, a longer-term signal of a change in trend – which, in this case, is up (all red arrows below indicate such events)....
If The Fed Plans To Cut Rates, Then Why Is The Dollar Firm?