It's the weekly currency edition of What the FICC?
Yesterday, the US dollar index $DXY booked its largest three-day gain since it peaked in late September. So will today's bounce turn into tomorrow's rally?
I don't know. But you want to monitor these two levels for insight.
The near-term direction of US interest rates will play a major role in how market conditions resolve in the coming weeks. This is a chart you want to monitor closely...
It's the weekly currency edition of What the FICC?
The US dollar index $DXY registered a "death cross" last week, confirming a bearish trend reversal.
But it's not the confirmation of the dollar downtrend that has my attention. It's what the signal suggests for stocks in the coming months and quarters.
