The us buck is very close to breaking the 1 year down trend yet again, will it stick?

Every time they bang on the line, it weakens.  The dollar has been going down for many years and the downtrend will be very tough to break.  It was at 120 in July 2001, look at it now at 76, off 37% in 10 years.  If it is really on the way up, that is bad for just about everything except bonds.  Watch, wait and be ready to trade em heavy, use leverage if you want to juice your return.  Long DX right here.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s