How global capital markets interact with each other is one of the most useful parts of global macro. US Dollar is in a downtrend but statistically oversold short-term.
Probabilistically, what's most likely to happen next is inertia; staying the same. The second highest is continuing the recent trend. The third is to reverse into a countertrend.
Macro is top of mind in market phases like this, when the Federal Reserve FOMC has been raising interest rates in response evolving macroeconomic data to tame inflation.
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole, so we monitor macro indicators.
Americans celebrate Independence Day on July 4th to commemorate the adoption of the Declaration of Independence on July 4, 1776. This historic document was a formal statement by the American colonies announcing their separation from Great Britain and their intention to establish a new nation, the United States of America.
In the U.S. Sector Trend Following Matrix we highlight the percentage of stocks above their 5, 20, 50, 100, 150, and 200 day moving averages of the S&P 500 index and a breakdown of each of its sectors.