EUR/USD vs DXY: some moves
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Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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A narrative that I came across aften lately, see US dollar to weaken throughout 2019. For easy reference please find below some forecasts made at the end of 2018.- fxstreet.com/analysis/dollar-to-weaken-in-2019-201812171119
- reuters.com/article/us-dollar-outlook/king-dollars-reign-faces-challenges-in-2019-idUSKCN1OR0P8
- bloomberg.com/news/articles/2018-12-12/ditching-the-u-s-dollar-emerges-as-popular-2019-fx-market-call
- cnbc.com/2018/11/29/forex-morgan-stanley-says-us-dollar-will-weaken-through-2020.html
There are plenty more if you type "US dollar 2019 forecasts" on Google.This may help to gauge the general sentiment but it does not mean that it will weaken.
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The run that DXY made from 88 (Jan-Apr 2018) to 97 (Nov-Dec 2018) could then be a bear rally?Nota
If so, where is the Bear Market? (Bear Market Rally refers to a short-term price increase in a stock or market amid a longer-term bear market https://period.https://www.investopedia.com/terms/b/bear-market-rally.asp)Nota
Could DXY have entered a Bear Market when Trump become the 45th President of The United States of America?Nota
Watch this: 
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