US dollar Index

I wonder if decent Non-Farm Payroll numbers would help ease the pressure on the Dollar Index...

I've always found this catch-22 situation somewhat odd. In theory, Good job numbers imply strengthening US Economy, thus a stronger dollar. Bad numbers indicate a market sell-off (and subsequently running to the USD for dollar); but, then there's the Fed!

(Sigh)

GFT Markets reckon its downhill from here!

(Chart courtesy of GFT Markets)

Another good reason to buy gold which is an anti-dollar play, and looks set to keep rising IMO.

Dollar's gonna tumble for sure ......

I always have a look at this index when trading against the dollar. This give you the overall picture of the US Dollar against all other currency.
Short term it looks like the dollar has broken a short term trend line which could mean its going to test the neck line on a head and shoulders pattern which is pretty big.
So if your betting on the dollar to be the stronger pair then be careful .





dyor