Euro

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.