On the macro side, the US dollar is and will ALWAYS be THE critical variable for a lot of markets. No market is more affected by the direction of the US Dollar as Emerging Markets. So if we are right in our analysis and we see a multi-month correction begin in the US dollar then expect emerging markets to give back some of their 2020 gains. In this article, we present the weekly and daily charts of the CEW ETF below.
1. What is the CEW ETF?
2. Emerging Markets Currency ETF – Weekly Chart
3. Emerging Markets Currency ETF – Daily Chart