USDX better pick up or the path is down to 100

23 May 2022

USDX broke the commodity channel last week. Yields on the 10Y could go back down to 2.6 if the fear really rails the equities. Futures are up at the moment for the equities, but not above the Friday morning highs...significant number come out this week...and the following week the FED starts selling the balance sheet. Maybe a giant sucking sound for capital. Yields will get pressure to rise in 2 weeks so there may be a greed bump Monday before numbers..