Macro Trading Opportunities: Strong Dollar, Global Problems
@Pensive N.:
Macro Edge #36 Originally posted on: thepensivenugget.com Note: We will be taking a short break. Regular posting of Macro Edge will resume in May. Thank you for reading! The Dollar is moving broadly higher, which indicates tighter USD funding conditions globally. It is also the last thing the world needs at the moment. Also in this week’s Macro Edge: charts of JPY weakness and US 10y yields trading above their30 year bearish channel ! If You Haven’t Been Watching The USD, Start Now Most European markets were closed on Monday, meaning another shortened trading week, but pay close attention to the USD The Dollar is strengthening broadly against other major currencies It has broken out decisively vs JPY, and is trading at key technical levels vs EUR, GBP, CNY Global USD funding conditions are