Boris_Badenov on Nostr: Year to date there has been a large flow of funds movement into the Euro, a big ...
Year to date there has been a large flow of funds movement into the Euro, a big divergence(blue line) from the five year seasonal weekly trend (red line). Gold has also shown a similar influx, much of which has found its way into US domiciled banks (JPM). It could be due to economic and geopolitical uncertainty in the Euro area.
Conversely, the USD index has shown a downward divergence from its seasonal trend to date.
I expect these divergences to correct in short time. A rising dollar index may (or may not) adversely impact crypto and gold valuations. I have found direct correlations between these to be extremely variable and unpredictable, regardless of study time frames. But longer correlation frame references (eg. 6 month or one year) have more meaningful correlations, but what good is that for short term analysis? #BTC #GOLD
Conversely, the USD index has shown a downward divergence from its seasonal trend to date.
I expect these divergences to correct in short time. A rising dollar index may (or may not) adversely impact crypto and gold valuations. I have found direct correlations between these to be extremely variable and unpredictable, regardless of study time frames. But longer correlation frame references (eg. 6 month or one year) have more meaningful correlations, but what good is that for short term analysis? #BTC #GOLD