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4 comments:
$DXY gapped up Sunday evening. We believe in the strong dollar policy!
Stew,
Great charts, you know your stuff. Would agree with ya on the dollar save one thing.... ECB cuts with Australia to follow.... keep up the good work.
The strength of the $ has correlated (and supposedly caused or contributed to) the oil correction. USO has now retraced 62% of the move from Jan 07 to July 08. Could be setting up for an oil rally (a short one anyway).
dollar been getting stronger b/c other currencies like the EURO have been eating shit for breakfast. not b/c of anything good happening here. But i am not a currency so i will leave this call to smarter traders.
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