USD Bears May Wait a Bit More
The not-so-soon warning on USD decline is backed by the weekly DXY chart near 94.90s.
Finally, the daily and weekly charts of the Asian Dollar Index (provided by Bloomberg-JPMorgan) indicate a robust ascent with an imminent break to the upside. The importance of the ADXY lies in its close correlation with gold, especially during those confusing phases when DXY and XAUUSD moved in tandem. For an explainer on ADXY and XAUUSD, watch from 25:10 mins of this video.
21 and the Temporary Pause
by Ashraf Laidi | May 18, 2022 16:18
ندوة مساء الثلاثاء مع أشرف العايدي
by Ashraf Laidi | May 16, 2022 16:57
3850 11690 31220 and the rest
by Ashraf Laidi | May 13, 2022 20:03
From Flation to Stag & Back
by Ashraf Laidi | May 11, 2022 19:36
Wilting Indices, Patterns, FX and Bitcoin
by Ashraf Laidi | May 6, 2022 18:37