Last week Janet Yellen and the FED delivered what appeared to be, at least at that time, a death blow to the US Dollar. I wrote about it here Central Bank Mafia Goes All In…Stocks Rally…A Little
Yet, and as the chart above suggests, the USD has started to recover after its initial spike lower. Hardly a down move most market bulls or “inflationists” would expect.
The question is….why?
That is what Matt Demeter attempts to answer in his research. Here is what I can tell you. Last week or post the FED announcement Matt was looking for a major Dollar bottom at around 94.70. DXY bottomed on Friday at around 94.60.
But it gets even better. According to Matt’s mathematical projections the Dollar isn’t done with its bull market. A major higher high is still in its future. Take that Janet Yellen. If you would like find out more about Matt’s work and what the USD (and other currencies/commodities) will do, please Click Here.
