Saturday, 24 October 2015

USD on the edge of a bullish breakout

Whilst equities saw very significant net weekly gains, it was a similarly bullish week for the USD, which saw a net weekly gain of 2.8%, settling @ DXY 97.21. Broader price structure is a giant bull flag, and by definition is offering a break above the key 100 threshold.. and then swiftly onward to the 120s.

USD, weekly

USD, monthly2


The implications for sustained action >DXY 100 should be clear to most... especially those involved in the precious metals and Oil.

Goodnight from London

*the weekend post will be on the US weekly indexes