John Kosar
John Kosar
bull chart coming current decline deeper demand dollar maybe move speaks structure targets trend
On the dollar index, the current structure of the chart targets a move to around 85.50. If and when it does get there, I think that is your inflection point. If you are a dollar bull that's where you want to see demand coming in and if it doesn't, that speaks to a much deeper decline and maybe a trend change.
appears based breakdown continue correction dollar downside due earlier extreme investor likely minimum objectives readings retail sentiment
The long-awaited downside correction in the U.S. dollar is now underway, and appears likely to continue for the near-term due to extreme institutional and retail investor sentiment readings and unmet minimum measuring objectives based on the greenback's breakdown earlier this week.
dollar expect high near
I think euro/dollar can get up to as high as $1.2500 near term. That is where I would expect to see the dollar get some traction.
expecting general history likely market rally tells
The market in general is not expecting a rally. History tells us it is at times like these that a near-term rally is the most likely to begin.
believe carry emerging higher interest period rates start
We're going to see a new, emerging period of higher long-term interest rates that are going to start now, and I believe they're going to carry on for some time.