Jun. 20 at 1:50 PM
$UUP $DXY US Dollar
why is it important watch the dollar & where could it reverse:
🔹 generally it's a headwind for equities, and risk off
🔹if holding Intl Equities i.e.
$EFA $EEM $EWY a stronger dollar is a negative effect b/c the ETFs hold a basket of stocks in non-US currency (Dollar + and Intl currency -)
🔹generally, Gold and Metals don't like a stronger dollar
🔹WATCH
$28.41 BIG OVERHEAD SUPPLY and could reverse here