Thursday, September 1, 2011

DXY is FINALLY breaking out

It is the umpteenth time that I mention this, but DXY is breaking out. All of this is due to EUR/USD breaking down, of course, as other DXY components are asleep. But, and it is a big but, if equities decide to retest the lows of Aug, DXY will put in a strong month in September. How high it goes I do not know yet. It will all depend on Euro. I will update the progress of this rally here, but seriously think it just started.

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