Summary

The fundamentals point to a continuing bearish US dollar.

Brexit uncertainty, mixed economic data, and the weakening US dollar as a global reserve currency point to the rise of alternatives, such as Bitcoin and gold.

Based on the fundamentals and technical analysis, gold looks bullish.

US Dollar: Bearish

The US dollar appears to be showing a very bearish trend based on the fact that on Friday, December 29, 2017, the dollar index closed at 91.826, below the October and November lows. Based on my analysis, this puts into play the lower targets of 90.50 and 90.65.

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