I commence with my gratitude to The All-Knower
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| US Dollar Proshare UUP |
I have just looked at the US dollar basket index symbol: DXY.
US Dollar is set for a massive rally.
It has been building a base for the last 2 years. Is it coincidence? I don’t think so, as there is organised rythym in the financial markets. Dollar took from October 2010 to January 2011 to create the left shoulder of the base. And then, it just completed it right shoulder (in January 2012), which it started building from October 2011. It just cleared the cup-handle or neckline above the right shoulder.
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| US Dollar Index Forecast 1-10-12 |
Dollar shall rally for about 4-5 weeks then have correction for 1.5-2.5 weeks, thereafter experience a strong rally of at least 8 weeks.
What does it mean for the STOCK MARKETS and Precious Metals….!!!???
$86.40-$87.45 area is the first target
http://trade-in-harmony.blogspot.com/
Thank you and amazing forecast
great analysis on dollar rally, I would like to ask how this rally will affect the metals?, or gold and silver have found the floor for the next leg up?, thank you for your work and help.
great analysis, I would like to ask you how this dollar rally will affect the metals?, or the metals have found the floor for a next rally?, thank you sir for your work and help.
Yep I agree. In spite of all the bullishness toward the dollar and the weight of COT data the dollar is going higher.
Italian 10yy's now set firmly above 7% and as I have been informed recently by several VERY astute bond players Italy cannot sustain another 4 weeks above 7% without a major crisis.
This spells out a major liquidity problem for the global markets very soon.
At the end of the day it's the bond markets that make the calls.
Nothing else. And currently Italian bonds are signalling big problems.
Cheers
PS Interesting website
From Jan 4th Dollar rallied but now it is going south.
You stand by this call?