The following Link shows that if the FED reverses or holds then the US Dollar Index will go down and accordingly EUR/USD will probably go up since it makes up 57.6 % of the Us Dollar Index
http://globaleconomicanalysis.blogsp...nks-to-06.html
Follow Up : Synopsis
Inventories are up 1.6% from a year ago. Sales are down 2.8% from a year ago.
That inventory build was unwarranted, and no doubt inspired by a lot of cheerleading by the Fed about the strength of the US economy.
So here we are once again with another recessionary looking inventory-to-sales ratio. The chart reflects November.
Earlier today we learned December Retail Sales were Negative.
Expect another bad looking chart next month.
Mike "Mish" Shedlock
Read more at http://globaleconomicanalysis.blogsp...kziz4jWt7ho.99
http://globaleconomicanalysis.blogsp...nks-to-06.html
Follow Up : Synopsis
Inventories are up 1.6% from a year ago. Sales are down 2.8% from a year ago.
That inventory build was unwarranted, and no doubt inspired by a lot of cheerleading by the Fed about the strength of the US economy.
So here we are once again with another recessionary looking inventory-to-sales ratio. The chart reflects November.
Earlier today we learned December Retail Sales were Negative.
Expect another bad looking chart next month.
Mike "Mish" Shedlock
Read more at http://globaleconomicanalysis.blogsp...kziz4jWt7ho.99