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The Fed hiked rates above 5%, and yet the US economy doesn't break. Back in 2022 already, the yield curve inverted and it has stayed inverted ever since. The lags looked relatively short, and the US economy was going through a soft patch in 2023 when it became consensus that a recession was gonna happen. Something even broke in markets (regional banks), and ...
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It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, I’ll focus on the short-term price moves and I’ll start with the market where we saw the clearest, immediate-term indication: the USD Index. The Fibonacci retracement levels ...