


High time to update my #DXY outlook, where I still see a rally higher into the 120 zone - eventually - but first more weakness. However, I don't subscribe to the $USD debasement fallacy. Won't happen in our lifetime. However, the last 2 months price action has made it much less likely that the level of previous wave 4 (around 102) will see the end of wave 2, although it can't fully be ruled out just yet. The resistance around 100 has shown to be very strong and even if there will be one more move towards it, a break is now highly unlikely in my view. At the moment, there is a lot of geopolitical uncertainty, further elevated by the past week's and this weekends happenings in Venezuela and Iran. As for the former, the conspiracy theories are running wild online, concerning deals and cross deals involving Venezuela for Ukraine or Taiwan. I don't subscribe to this either. Truth is, no one fvckin knows but if I where to male a guess of what might be behind it regarding Xi or Putin, it's that Orange man simply is pissed at Vladimir for trying to trick him with a fake AI generated hit on his private residence. That would fall in line with how he works. But honestly, I don't know and the same goes for any other Xpert on the subject. Having said that, it's clear that Venezuela, with it's Cuba security involvement, acting as a cover for both Russia and China on the US backyard is a fvckin stye in the US eye.























