Dollar Index: Long Term Bottom or Short Term Consolidation?

in market •  7 years ago 

In this report I look at the short term and long term technical picture for the dollar index and I also cover the early market action from London on Friday, October 27th, 2017.

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7 years ago by

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      ·  7 years ago 

    ![]

    -TMW

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      ·  7 years ago 

    @themaestro I agree.

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        ·  7 years ago 

      Hello @maneco64,
      I am trying to follow all your vlogs, they are interesting.

      I have a question for you: It has been more than 2 years since Yellen first announced possible rate hikes but still nothing. What do you think will happen? Will dollar go up again as it was doing so since 2014 or will Fed try to keep it low for some period? EUR/USD has gone up and it seems to me that it will continue to move up as ECB is not trying to weaken it any more.

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        [-]
          ·  7 years ago (edited)

        Since December 2015 the Fed has raised rates four times.

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          [-]
            ·  7 years ago 

          yes I know. was 0.5 and now is 1.25. I was thinking Dollar should go up and at some point reach parity to EUR. But increased rates didn't really make dollar worth more. Last change was 0.25% in June but Dollar index is going down.

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            [-]
              ·  7 years ago 

            Jim Rickards keeps saying that they're not going to raise interest rates in December, i disagree. They will continue to raise rates, albeit slowly.

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