Steno Signals – 6 Reasons Why the USD Doom and Gloom is Overdone
“6 Reasons Why the USD Doom and Gloom is Overdone”
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We assess the USD outlook in a structured way in our regular USD’o’meter based on the following six parameters. In this piece, we will elaborate on each of the model parameters and ultimately sum it up in a logistic regression.
- * Technicals
- * ISM – IFO spreads (relative growth)
- * Positioning (% of open interest)
- * Relative rate hike expectations EUR – USD
- * Relative energy prices / Relative banking stress
- * Relative exposure to China
Overall, we find it interesting that the USD has not weakened MORE given the pamphlet of headwinds it has had to deal with in recent months – and statistically the tide is about to turn for the USD in our model framework. Position accordingly?
**** Find out about the USD’o’meter and how to use it in your allocation with a 14 day FREE Trial here → https://stenoresearch.com/watch-series/usdometer-six-reasons-why-the-usd-doom-and-gloom-is-overdone/
Use the code “crisis20” to get 20% off your first subscription. ****
Chart 1: Our logistic USD regression
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