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USD_ DXM20

Weekly – still in the 99-101 channel. Trade pressures are down. Volumes are neutral.

Daily – In the move up after a long trigger at the 100.52 level. But no momentum. The next target up is the old high at 103.96.

A close below the 98 level would signal lower.

The flush of new dollars injected by the FED would seem dilutive and therefore push the dollar down. If that’s true, then gold is the trade.

 

US30 YR T-BONDS_ USM20

Weekly – In consolidation around the 189 level. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. In the move up from the 176-00 long entry in March, Trade pressures are up but turning down. Volumes are bearish.

The next target up is 190-11, a retest of the highs.

A close below 177-06 would signal lower.