“I have seen many storms in my life. Most storms have caught me by surprise, so I had to learn very quickly to look further and understand that I am not capable of controlling the weather, to exercise the art of patience and to respect the fury of nature.” – Paulo Coelho
As we have been discussing, technically, DXY is still stuck in a range and likely waiting for more significant breakthrough on the data / central bank side. Our base-case remains that it will continue to be very choppy inside this range but our gut-feel is telling us that this is ultimately setting up a ‘bull-trap’. We’ll review this in detail along with various scenarios in today’s webinar session.
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