From the Desk of Ian Culley @IanCulley
It doesn’t matter which way you slice it. The current market environment is a US dollar story.
Whether you’re talking about stocks or commodities, a rally in risk assets isn’t happening against a rising dollar.
It’s that simple.
You probably think I say the same thing every week. That’s because I do.
Of course, I throw in a well-defined trade setup here and there, but always within the context of the dollar and its impact on the major asset classes.
It’s that important.
As the US Dollar Index rally is well underway, it’s interesting some individual USD crosses are finding resistance at historical levels of interest to both the currencies involved and risk assets!