DUBIOUS SPECULATION: Long Dollar (6M possible play)
We are in the midst of a possible fake out and experiencing the move higher above resistance between 102-3.
Fib based on Dot com high to 08 crisis.
Key factors for speculation to play out: - FED is hawkish during July FOMC - Core PCE comes in hotter
Other impacts: - Oil breaking higher with confluence (Inflationary) - Gasoline 52W high and set for moves higher - Wage growth above 4% - Labor market stubbornly high (FED needs unemployment spike to crush inflation risks as to avoid 1970s inflation disaster)
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