Macro Voices
MacroVoices #421 Luke Gromen: More Dollar Liquidity To Come…
Mar 28, 2024
Forest for the Trees founder Luke Gromen discusses the trajectory of the dollar, implications of a weaker dollar, potential deals, banking regulations, investment decisions, commodities, energy markets, market analysis, price predictions, and Uranium market trends.
57:58
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Quick takeaways
- The US dollar is potentially set for an uptrend continuation with a breakout above 104.5 signaling further strength.
- Gold's resilience and potential for further strength, with a target of at least 2300, supported by a long-term cup and handle pattern.
Deep dives
US Dollar Strength Against Other Currencies
The US dollar is showing strength against other major currencies, such as the euro and the yen, potentially indicating the beginning of a new leg higher. A breakout above 104.5 would signal a potential uptrend continuation, with targets potentially going beyond 107. However, the dollar's strength is still subject to further confirmation in the coming days.
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