Dollar Hanging Onto Support, But Trouble Brewing
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Chief Market Strategist Gareth Soloway analyzes the Dollar and discovers some unsettling chart signals. Technical analysis suggests the DXY is going to break down below a long-term support going back to the financial crisis. This sets the DXY to head to 72-70. In addition, Gareth looks at the USD/JPY and EUR/USD. Both charts suggest those currencies will ultimately strengthen against the Dollar. Is this the beginning of Dedollarization? The answer is yes and the culprit is a loss of Federal Reserve independence and the United States constantly surging debt levels.
Video Length: 00:10:20
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