I agree. It is very dangerous to just assume with an inherent bia view of US economy and all the fake data they have been pumping out. The market have to use data to make a case and this is what they have officially.
Weekly DXY does not look like a collapse as I am sure a lot had predicted.
Last week's gunning for the swing low was no random act by the central bank. That collapse of the USD strength prior week was designed to make the bears feel comfortable before they took it down to square off their net short positions built up. Technically USD may start meander while the longs build up positions to target the swing highs at the top. Clear gunning of bear stops as they will probably square off their positions and repeat the exercise.
The market makers (central bank) are not a collection of charity organisation, their motive being to transfer wealth of the big funds and commercial banks to themselves. We retail traders are just collateral damage.
