Dollar At ResistanceU.S. Dollar Currency IndexTVC:DXYew-forecast As you know, yesterday we got the US inflation data, which did not change and remained at 2.7% on a yearly basis, exactly as expected. The real moves came later, after Trump said that Powell is again too late with cutting rates and that markets should move higher on good news rather than falling. He clearly wants to give the impression that it is the Fed’s fault when markets react negatively to positive data. Another important topic is Greenland, which remains under the spotlight. Trump has repeated several times that the US must own Greenland and even suggested that the US does not rule out using force to take control. This is one of the reasons why we are seeing a pretty strong recovery in energy prices, and there could be even more upside ahead. But despite this uncertainty around potential military actions, stocks are still holding up relatively well for now. But my eyes are all on the USD. ...it seems to be this correction still appears to be in play since the end of December, but at resistance. It could be a seven swing move rather than a simple ABC rally, but it is still a counter trend movement. Notice that the dollar is now back at the very important 99.30 level, which can be potentially interesting reversal area going into 2nd half of this week. A drop out of the corrective channel and a break below 98.67 could be the first trigger for bears to push the dollar lower. GH