Here is the text with all references to external tools and software (VantagePoint) removed:
U.S. Dollar ($DXY) Analysis
The U.S. dollar received tremendous benefits by being the world’s reserve currency.
- From an interest rate differential perspective, the U.S. dollar is the ONLY GAME in town.
- As far as fiat currencies go it is the cleanest dirty shirt on the rack.
When you compare this real rate of return analysis with performance metrics for all foreign currencies the U.S. dollar remains king of the hill.
The U.S> dollar will continue to act as a safe haven as money leaves jurisdictions where it is penalized.
- So, as we analyze the fate of the U.S. dollar, it is not a bet on the strength of the U.S. economy but rather a bet on the weakness or chaos in the rest of the world comparatively.
- Fed Chairman Powell has stated that he foresees higher interest rates moving forward.
- In my estimation Chairman Powell is simply trying to keep the real rate of return for the U.S. economy higher than any of our allies.
Money continues to move into the U.S. dollar.
- Where it goes when it arrives here is the trillion dollar speculators’ question.
The trend is UP.
Trading Suggestion
Based upon these realities we will use the daily range forecast to position ourselves on the long side for short-term swing trading opportunities.
Place U.S. Dollar ($DXY) on your radar for numerous trading opportunities in 2023.
Our recommendation is to follow the A.I. trend analysis as outlined in this asset study and practice good money management in all trades.
Disclaimer
THERE IS A HIGH DEGREE OF RISK INVOLVED IN TRADING. IT IS NOT PRUDENT OR ADVISABLE TO MAKE TRADING DECISIONS THAT ARE BEYOND YOUR FINANCIAL MEANS OR INVOLVE TRADING CAPITAL THAT YOU ARE NOT WILLING AND CAPABLE OF LOSING.
VANTAGEPOINT’S MARKETING CAMPAIGNS, OF ANY KIND, DO NOT CONSTITUTE TRADING ADVICE OR AN ENDORSEMENT OR RECOMMENDATION BY VANTAGEPOINT AI OR ANY ASSOCIATED AFFILIATES OF ANY TRADING METHODS, PROGRAMS, SYSTEMS OR ROUTINES.