Thursday, 11 June 2015

USD continues to cool

Whilst equities closed significantly higher, the USD continued to cool, settling -0.6% @ 94.60 (intra low 94.30). King Dollar looks set for the DXY 92/90 zone within the next few weeks before completing a pretty natural retrace from the March high of 100.71.

USD, daily2

USD, monthly'3' outlook


Little to add from recent posts.

USD remains in cooling mode, and once a floor is solidified, resuming strength in the USD will be a major problem for the precious metals/oil, and to some extent... the US equity market.

Looking ahead

Thursday will see the weekly jobs, retail sales, import/export prices, bus' inventories, and the Nat' gas report.

Goodnight from London