-
Dollar's Demise Exaggerated: Technicals Anticipate Turn in Fundamentals
Yogi Berra, one of the keenest observers of the human condition, is said to have once remarked "It is tough to make predictions, especially about the future." And so it is. Between the middle of last December and the middle of March, the Dollar Index rallied 14.7%. It then fell 6.2%. A 50% retracement would bring it to 94.00, which had generally provided support in the second half of February. It was from that the Dollar Index staged a new leg up that carried it to 100.40 over the next few weeks. The decline in the Dollar Index, as well as its pace, however, has spooked the market. This speaks to two things. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 2, 2015 9:20pm May 2, 2015 9:20pm
- Forexpcb
- | Commercial Member | Joined Feb 2015 | 120 Comments
- Comment #2
- Quote
- May 3, 2015 4:40am May 3, 2015 4:40am
- Aussi
- Joined Sep 2013 | Status: Member | 4050 Comments | Online Now
FOREX IS MANY PAIRS GOLD IS JUST ONE WHY LIMIT YOURSELF
- Comment #3
- Quote
- May 3, 2015 5:15am May 3, 2015 5:15am
- Exodus
- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
- Comment #4
- Quote
- Edited 10:12pm May 3, 2015 7:51am | Edited 10:12pm
- peacourt
- | Joined Nov 2012 | Status: Member | 84 Comments