The story of the day was the U.S. Dollar breaking out of a 5 week wedge. Can it go higher from here? The next couple of days will be telling.
Common sense leads me to believe if the US is the first one off the easy money/ 0 rates boat, we're going to have continued strength until 'deflation' is a problem again.
What I find interesting is gold. Here's my latest post on gold. It's at a key support level.
Further Reading from some of the great technicians at See It Market:
The Dollar is in the early stages of a major breakout
But, it's facing some tough resistance
Thanks for reading!
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