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Recently King Dollar found it self on multi-year support, created a bullish falling wedge and very few investors were bullish the U.S. Dollar. This was a set up for a rally in King Dollar!
The Power of the Pattern and Joe Friday highlighted set up for a Dollar rally about couple of weeks ago (HERE)
With Europe lowering interest rates, is Draghi expressing/confirming a concern for “Disinflation or Deflation?” Just last week Joe Friday and the Power of the Pattern reflected breakdowns in key commodities and the Deflation/Disinflation theme. (Here)
Could this breakdown is some key commodities have been an influence on Europe to lower rates???