Is the Dollar About to Go on the Warpath Again?‏

April 16th, 2015
in contributors

$ DXY – NYBOT Dollar Index (Last:97.66)

Written by , Rick's Picks

Oscillating lazily between 96 and 100, the dollar has been consolidating gains racked up over an eight-month period. The rally, which began last July, saw this vehicle rise by 25%, to a recent high just above 100. Is it recharged for another huge leap?


Follow up:

My gut feeling, looking at the daily chart, is that at least another week or two of corrective action is needed to set the stage for a strong resurgence. Even so, if we are tuned to the lesser charts, looking for the very first sign of this, it would come with a print on Friday at 97.97 (see chart below). Then, if the rally were to continue, pushing past p=98.65, that would strengthen the case.

FYI, my long-term forecast calls for a powerful move, over several years, to highs near 120 that were recorded nearly 15 years ago. If and when that occurs it will be a very different world — one in which, presumably, deflation has triumphed ruinously.


Author's note: Take a free trial subscription that will allow you to access not only the touts, bulletins, updates and impromptu trading webinars during market hours, but a 24/7 chat room that draws veteran traders from around the world.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved