Friday April 13th the big news was gold falling over 5%. While the US dollar index did not have a big move, analyzing other charts it is indicative that the US dollar can be on the verge of appreciating.
GBP/USD:
EUR/USD:
Looking at GBP/USD and EUR/USD they seem to be in possible bear flags, with a breakdown possibly imminent.
USD/JPY:
The USD/JPY had recently broke its multi-month uptrend line, came back and touched the uptrend line., now looks like it can fall down from this point.
TBT:
Bonds measured by the TBT (ultra-short) recently broke its 200 day moving average came back and touched it, now looks like it can fall from this point. This means bonds will increase in value (yields go down).
Gold:
Gold broke its multi-year support possibly entering bearish territory if it stays below. Silver held its multi-year support line, but if gold continues to go down silver can follow.
If confluence is seen with all the things indicated above the US dollar can endure a significant appreciation. This can be bearish for equities and bullish for bonds. Fundamentally, deflation is still possible in the United States so it is something that should be watched.