The attempted upside breakout by the US dollar index has the potential to change the path of markets this year, so in this article, we take a longer-term perspective on the US Dollar Index (DXY). The chart in focus for this article can be pointed to by both bulls and bears to state their case; the bulls would say this is a repeat of the 1998 correction-and-continuation, and bears would say ‘it’s different this time’. In either case, it’s worth putting the short-term action into context of the longer-term picture. Read more...
