While there is much anticipation of a U.S. Dollar rally it cannot start in earnest until U.S. interest rates turn back higher. And that won't happen with U.S. Treasuries moving higher - there is an inverse relationship between Treasury prices and interest rate they yield. The U.S. Dollar will not rally until the U.S. 10-year Treasury Notes turns lower, i.e. : interest rates move higher, making the chart in Figure 1 the most important in financial markets today. The rally in Treasuries creates what we call negative interference for a Dollar rally / Euro down-move. We are in a long line of traders in wanting to add to ... (full story)