Rocketman
Long

DXY: Dollar Index for Quarter 4 and Beyond...

TVC:DXY   US DOLLAR CURRENCY INDEX
170 3 15
2 months ago
With the US being the only nation that as a promise for rate hikes, and as it comes near (possibly December 2016), prudent traders will begin to align themselves with the bigger forces out there.

Technically, the market has pull back to monthly support and bounced off of it, and it looks like wave 5 could be starting now.
On top of that, the counter trendline has broken. This month is green so far. as long as the data for the US continues to be bullish , I will remain confident in holding it long for quarter 4.

Going to bed. Goodnight.
2 months ago
Comment:
snapshot
2 months ago
Comment: Another view using volume from the equity markets in "UUP," an etf for the dollar index. Hmm! It does confirm the though that we are approaching a new chapter and a new horizon for the US Dollar.
2 months ago
Comment:
snapshot
2 months ago
Comment: US Core Retail Sales m/m up 0.5% compared to -0.1% last time, and +0.1% above the forecast.
US PPI m/m up 0.3% compared to 0% last time, and better than the 0.2% forecast
The core PPI similar.

Awesome! ..now Yellen speaks today.
2 months ago
Comment: "More than 80% of economists surveyed anticipate rate rise at the last meeting of 2016" - Wall Street Journal http://www.wsj.com/articles/wsj-survey-economists-expect-next-fed-rate-increase-in-december-1476367202
2 months ago
Comment:
snapshot
a month ago
Comment:
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a month ago
Comment: Dollar pullback....can't go up in straight line...
snapshot
KanokpojThongjub
2 months ago
thank u
Reply
AGREED!
A Breather In A Dominant Bull On Monthly Chart
Reply
dchua1969
2 months ago
with the recent flash crash of GBP, would the NFP result later be insignificant unless the number is grossly higher than 170k?
day chart shows it has break out from the triangle but it has a bearish bar currently, probably pulling back to 96.50 range before going higher, imo.

like to hear your views, thanks
Reply
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