The last thing the US needs is a higher US dollar! A higher is dollar is not good.
The last thing the US needs is a higher US dollar!
Higher dollar is due to:
1) Expected higher US interest rates
2) Less $USD in the world, as other pay back $USD loans
3) Demand for $USD dollar assets for safety.
4) Expected trouble in the European bank circles.
A higher is dollar is not good.
Below we have a very obvious accumulation pattern, watch this, a break out higher will be on news that wont be good for the world.
(Click on image to enlarge)
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund.
.webp)
Comments
Log in or sign up to join the conversation.