Email This Page Email This Page    Print This Page Print This Page    Bookmark This Page Bookmark This Page    Subscribe To RSS FEED Subscribe To RSS FEED

Currencies

October 31, 2009 - From its 74.97 low in mid-October, the US Dollar Index has bounced 1.8%.  Occasional swings of a percentage point or two are to be expected, as markets never move in a straight line.  So this latest bounce is not significant and in fact is hardly noticeable on the following chart.

This chart remains bearish.  Both the long-term and short-term trends of the US Dollar Index are pointing lower.

We last lowered the stop-point on our short position in September.  I suggest keeping it at the same level for the time being.  For my specific trading recommendations, see Trading.


<< Back

GoldMoney Free Signup - The best way to buy gold & silver

A List of Related Articles Follow ...

Currencies

Currencies

Currencies

Currencies

Currencies
 

Subscribe to FGMR's Newsletter

Receive alerts, notices and timely articles.


Email:


Connect with us

Go to FGMR Twitter Page Go to YouTube Page Go to Flickr Page Go to FGMR Facebook Page

The Collapse of the Dollar and How to Profit From It

by James Turk

More Market Commentaries

The US dollar is plummeting

October 3, 2010 – Since observing in my September 22nd commentary that the US Dollar Index is ...

The US dollar is ready to plummet

September 22, 2010 – The US dollar is staring over the edge of the precipice and is ready to ...

Currencies

September 9, 2009 - September has so far been a bad month for the US dollar.  From its close on ...

View All Market Commentaries >>

Topics