Dollar Index - Double Top - ready to go down ?

I've been eyeing this trade as well, U.S. Dollar Futures. I'm looking for a potential double top but I understand that anything could happen as we await The Fed's decision. This potential double top could be an early tip-off that the Fed isn't gonna raise rates in December.

 

Yes I just saw that. It's still been showing some resilience against the dollar in the past week. I think if we see a turn that might be the one to be in.

 

My resting short order was filled yesterday on what appears to have been a stop run in EURUSD.

 

If you are shorting the dollar you are implicitly shorting us assets correct?

 

DX/ES correlation over 180 days is 0.34 with a 90 day at 0.64.

 

That wasn't a very straight answer haha

 

Well I'm just trading based off of how I expect DX and 6E to act honestly.

 

I sort of thought that when you short a currency you are shorting the risk in the assets of that respective denomination... I am just asking. Idk either

 

The correlations change. It used to be that a selloff in the equities of any magnitude would lead to a flight to the USD. That doesn't seem true now.

 

Wow, whoever called that short in the Aussie dollar made a great call.