14 Jul 2020 ● 07:19 AM
If the falling dollar is the signal of global liquidity and Reflation then its most important component Euro remains bullish. In fact is is barely getting started in wave 3. Forming a leading diagonal in waves i and ii. Now wave iii of 3 up is due next. So the DXY should also follow to new lows. This remains an underlying bullish trend for markets EMs Metals and Precious metals. Yes this is a liquidity driven market so watch this keenly apart from your daily news feed as the two are in opposition as of now.