9 Jul 2020 ● 05:05 AM
The dollar index has started wave V of 3 down which is subdividing into an extension. Prices are now trading below the trendline of all the lows of 2019, and we should continue towards the trendline from the 2011 bottom near 94.30. The falling dollar clearly continues to support the reflation theme irrespective of short-term corrections. Its impact can be seen overnight in metal prices and metal stocks and precious metals. Equities too should get a boost then once the negative impact of banking is absorbed.