The $USD has just “figured out” that the Fed will be finished with rate hikes soon.
We get confirmation of this from Oil, which has completely reversed its breakdown and is back at its bull market trendline.
The $USD and Oil are two of the most important asset classes on the planet. To see both of them shifting towards a “weak $USD” framework is a MAJOR “tell” that the markets are entering a new phase.
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Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
