Friday 15 May 2015

USD keeps on falling

Whilst equities saw a day of rather significant gains, there was continued weakness in the USD, which settled -0.2% @ DXY 93.43  (intra low 93.15). The only issue in the near term is whether there is a brief bounce before another wave lower to the DXY 90/89s.


USD, weekly



USD, monthly3, outlook



Summary

It has been a tiresome day.. and I'll forgo any chatter on the above USD charts.
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Brief reminder on the bigger weekly sp'500 cycle..


The blue candle has now turned to an outright bullish green candle... and the Tuesday low of sp'2085 is now almost 2% lower.
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Looking ahead

Friday will see a trio of data, Empire state, indust' produ', and consumer sent.

*It will be OPEX, so expect increasing chop into the Friday close.
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Goodnight from London