Dow and the Dollar Tracking Tightly–Is US Dollar Test of Lows on the Cards?
Currencies / US Dollar May 20, 2008 - 10:39 AM GMT
More evidence the dollar is not immune to risk. Stocks getting clobbered today for a host of reasons—choose your poison. Lately the dollar and the stock market have been moving closely together. Higher stocks equal higher dollar and vice versa.
Is a test of the dollar lows in the cards? The run back into gold and continued move in commodities has the look of safe haven.
Jack Crooks
Black Swan Capital LLC
http://www.blackswantrading.com/
Black Swan Capital's Currency Snapshot is strictly an informational publication and does not provide individual, customized investment advice. The money you allocate to futures or forex should be strictly the money you can afford to risk. Detailed disclaimer can be found at http://www.blackswantrading.com/disclaimer.html
Currency Currents is available for only $49 per year. Just visit the sign-up page on our website to subscribe: http://www.blackswantrading.com/Currency_Currents.html
Black Swan Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.