Showing posts with label dollar index. Show all posts
Showing posts with label dollar index. Show all posts

Friday, October 26, 2012

Thoughts on US #Dollar #Index

Thoughts on US #Dollar #IndexSocialTwist Tell-a-Friend

Attached is a chart of the US Dollar Index.

A close today above 80.205 would be a significant bullish signal and suggest an initial move up to 81.25.

If by the end of today this scenario appears likely, it points toward a deeper and more prolonged equity correction, as the two go hand in hand.  As the day progresses, it should become clearer as to which currencies will suffer the most.   At that time we will provide some thoughts as to directional strategies..                   

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