#DXY The dollar above 100.00 before a big drop?

1. Okt. 2019

The dollar index is still strong compared to the other pairs, but nothing rational here at all. Everything is a mess, the debt is rising every single day, bonds aren't nice, the equity market is preparing for wild volatility and even haven assets are waiting for more fuel. What about the dollar? An old trick for investors, leading prices higher to let them drop, when? November could be the month where I'd like to pull the trigger. Now, the ISM US manufacturing purchasing managers index came in at 47.8 in September, the lowest since June 2009 and it's the second month of contraction in a row. The forecast was 50.2, but this is showing us the global trade remains the most significant issue and sorry, but the recession risk is absolutely real, and this is the signal to say "GET OUT" and this isn't Fake News.
Is the FED tackling Repo and recession? Dealing with recession fears on top of Repo strains will be a nightmare and hard to sort it out, in fact, Powell admitted that the Central Bank has no playbook for dealing with a prolonged trade war, so what's next? Stay tuned.

Cream Live Trading, Best Regards!