Watch greenback for equity market clues

Alright folks. So now that we are moving into April one market I want to bring to your attention is the US Dollar index also known as the greenback. Now, the US dollar holds a significant influencing factor on the strength in the equity market, especially in the month of April as it provides a tailwind to stocks when it is declining and a headwind when appreciating April is the weakest month of the year for the US Dollar Index falling by an average of 1%, which contributes to one of the best monthly returns for equity prices in the year now the US dollar has been on the rise as the market uses the currency as a safe haven admits the geopolitical concerns that persist in the markets. And that’s why we can see continued to see a boost. But what we’re seeing here now is potential or potential headwinds, not from a seasonal perspective, but also from a technical perspective. So this is the longer term chart you can see on the monthly, this is UUP bullish Dollar Index. Of course, we’re talking about dx, the US Dollar index futures as well. But this right here, if we push into the 2728 level, that should be representative of a 100 or par level mark on the US Dollar index futures. So we want to watch this area closely. If we push back into this 27, we’d be looking to either we’d be looking for the dollar index to roll over that would be assigned to traders and investors to be risk on through April which is again the most bullish time of the year for stocks in general and or also look to be shorting the US Dollar Index or going long the currencies that trade against it. Now many hosts a free presentation on Tuesday, April 5 at 7pm called new AI picks stocks that are crushing inflation. We’re gonna we’re gonna talk about a unique trading technology that locates stocks, futures and currency markets likely to move based off past performance. We’re talking about extremely high probability trades up to 100% profitable in some cases, and how you can build a custom portfolio that can help beat inflation will hyperlink you to this page here and I look forward to seeing you there.