Friday, November 1, 2013

"Keep an Eye on the Dollar Index"

From Bespoke Investment Group:
If you haven't noticed, the US Dollar has had a nice rally this week.  As shown below, the Dollar remains in a long-term downtrend, but it has just broken back above its 50-day moving average after a big run-up over the last four days.  The last time the Dollar got back above its 50-day, it didn't last long, but this is something to keep an eye on in the coming days....MORE