Dollar Bulls Seek Fed Guidance While Riding Wave of Confusion
- Elliott waves provide contrasting outlooks for the greenback
- Minutes of Fed’s last policy meeting seen setting market tone
This article is for subscribers only.
After a confusing week for dollar bulls, a closer look at some of the technical underpinnings of the greenback paints an even more mystifying outlook for the Trump reflation trade.
Popular analysis such as the Elliott Wave theory, which seeks to predict moves by dividing past trends into five sections, suggests the rally is sustainable in the short-term. Further out, the same measures raise questions.