Macro Market · Market Commentary

Daily Commentary – Party Like It’s 1999 for US Dollar

Summary

  • The U.S. Dollar Index (DXY) since 2012 continues to track 1994-1999 closely in both price action and technical chart pattern.
  • Continuation of the analog suggests a multi-month pullback in DXY before resuming higher to new highs.
  • Yen and euro likely to rally in the short term vs. the U.S. dollar but would provide a dip buying opportunity in USD

An observation in the monthly chart of the U.S. Dollar Index (DXY) suggests that we are following the footsteps of 1999-2000 period.

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