Dollar trying to break-out. Will this be the week? |
|
Long term trends by their nature don't turn easily. The last two weeks we have seen counter trends and we have reversed to about half of the original gain by the USD. There are many arguments to be made for both a weak and/or a strong Dollar going forward. What I do know is that this trend has lasted surprisingly long and should at least correct in a reasonable period of time. USD Index- The bottom is not assured yet and the risk to both directions is about equal. What I would say is a new low Read More...
Filed under: Technical
Latest Posts
- UMich Consumer Confidence Dips Mid-March
- Tuesday sees the FOMC announcement re US interest rates
- Majors’ sentiment for today
- Starting the day
- European markets start the week pessimistic with woes over the outcome of the EU finance ministers meeting amid new Moody’s warning for UK
- CHF: SNB maintains its loose monetary policy - for now
- Recovery still looks strong
- Housing starts (Feb): Setback caused by snow storms
- USD/JPY Daily Outlook
- Czech GDP revised sharply upwards
- US Update: Retail Sales
- US: Retail sales surge in February
- US: consumers defeat snowstorms
- US: Inventories Flat in January
- Technical Summary for Majors