Weak USD, But Be Aware Of Pullbacks- Elliott Wave

5 Des 2022

Technically speaking, we see 10 year US notes coming higher, but seen in a fifth wave of a bullish reversal while DXY is falling back to the lows most likely hunting stops that were placed after NFP. But focus should be Powell words from last Wednesday, when he was not that hawkish anymore, so even good jobs data may not change his decisions.