Saturday, 9 May 2015

A fourth week of declines

Despite some day to day swings, the USD still closed net lower for the fourth consecutive week, -0.6% @ DXY 94.89 (intra week low 93.96). A brief 1-2 week bounce is viable in the immediate term, but it does seem the USD is headed all the way to the secondary target zone of DXY 90/89s.. as early as mid June.

USD, weekly

USD, monthly'3 - outlook


.. it has been a long week... I think I'll leave it at that!

Goodnight from London

*the weekend post will be on the US monthly indexes