Anyone tracking the USD index? This seems to be a very important indicator for the markets in general. Here is an interesting analysis that shows a short term correction may be underway Market Report - 10.3.2011 - Market Overflow. If so, this should impact equities.
Ive personally be glancing at it myself. It certainly appears to be a factor. Thanks for all these great graph updates Michael!
Yeah no problem tech0925. The USD is now bearish for the short term. The USD Index and the AUDUSD both have begun their retracements as expected. Market Report - Evening Post - 10.4.11 - Market Overflow
Market Report has been posted. The USD is setting up for weakness ahead. A look at the USD Index and the EURUSD. Market Report - 10.6.2011 - Market Overflow
Usd index means it is based on the American market and it gives a very good information on the US market.Now, the U.S. dollar short-term bearish. Australian dollar against the U.S. dollar index and have started the callback as expected.
Market Report has been posted. The USD is setting up for weakness ahead. A look at the USD Index and the EURUSD. Market Report - 10.6.2011 - Market Overflow
Usd index means it is based on the American market and it gives a very good information on the US market.Now, the U.S. dollar short-term bearish. Australian dollar against the U.S. dollar index and have started the callback as expected.
A look at the weekly chart of the USD Index shows that it is now in a rising channel (marked in blue) and has taken support at the crucial 200ma level coinciding with the lower channel support line. If the support holds and it moves up, the next resistance is 81-82 and thereafter 84. Chart attached.
Thanks 4 the info!
Nice Information.
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