Recap for the day on $DXY dollar

Looks like this is the fifth time over the past month that responsive sellers come through in the $108 level

However this latest attempt is a bit different, as it carries the weight of the Trump agenda behind it

Where $XLI $XLE names are set to deliver a manufacturing breakout, and therefore bring us a $DXY dollar selloff as a result

It may not look like it from the outside, but this also implies a $TLT $TNX bond rally as they converge with the dollar

Of course the more a dollar selloff is delayed the higher the chances of a recession, just like UK in the 1990s ☕️
#dxy
#DXY #XLI #XLE