The US Dollar surged to a fresh 14 year high yesterday. Overnight the rally continued as the US Dollar Index broke out of a multi-year bull flag.
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Tag Archives: us dollar
Where Do We Go From Here?
Tuesday Morning Market Minute Video – $BIDU $SPY $TLT $TWTR $GS $GLD
Friday Recap – 3/13/15
After yesterday's rally, the sellers returned in full force today, driving down stocks and sending the US Dollar to a fresh 12+ year high as it soared almost 1% higher against a basket of depreciating currencies. I'll get into the US Dollar and the basket of depreciating currencies later, let's look at the market, where it could be headed, and what we can do about it.
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Friday Focus: It’s The Dollar Stupid
Today's job report came in much better than expected, but what has continued to go as expected is the US Dollar's rally. While the jobs report today changes the mindset of market participants concerning the Federal Reserve's stance on interest rate policy, the fire for continued US dollar strength was already ignited. Today's report merely fanned the flames.
Just a few weeks ago the US Dollar was coiling up to spring to new highs, it did not disappoint breaking swiftly out of this beautiful pennant formation:
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