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Everybody and his Ass are Bearish the Dollar Index !
EVERYBODY !
What is the Dollar Index anyhow ? It is the Inverse of the Euro Basically !
SO ipso facto…everybody is expecting the Euro to be in a Bull market
As Devils Advocate..( The US Dollar is obviously the Devil ).. I have a LT Monthly Chart of the Euro.
Like it or NOT…the Euro is in a well defined BEAR market !
I would like somebody to RESPECTFULLY dispute this based on this chart.And I will respectfully tell you You are an idiot
🙂
EXHIBIT B (AUSSIE DOLLAR….THE COMMODITY DOLLAR)
Bull or Bear ? ( are you sure ?)
My new favorite quote
‘uncertainty is not a pleasant condition but certainty is absurd” Voltaire
………………………………………
Mojo says the Dollar will be in a Bear Market when Hell Freezes over
Freezing my Ass ( we had Plus 10 c and rain here…then a flash freeze down to minus 10c with windchills of minus 25c)
Before anyone calls the SPCA….he is completely thawed out now and eating his oats and hay.
See my post above 😉
Have to say, as I do appreciate a good photo, that is a fantastic picture right there.
It Figures….My Poor Little Ass is frozen Solid and YOU like the photo
sensitive side ?
🙂
Holy moly!
Is that an ass-cycle?
The euro target is indeed that channel trendline at 1.25. We can enjoy the ride in PMs while it increases… though it did accomplish much of that move Friday. USDJPY is where I am focusing most of my attention: https://www.tradingview.com/chart/USDJPY/v7WpLz2D-109-50-Target/
We all know that UJ is very correlated to the 30Y bond (except recently because of the BOJ news and China news, ugh) and gold is very linked to the 30Y (except recently, same reasons).
Wow….your charts are another dimension Mort….takes a little time to figure them out…any tutorial is appreciated
Italian elections in march with Berlusconi to win and he wants out of the Euro should be the event that hits the target for a reversal. Gold should get a bid on the fear of this alone perhaps. Where is the usual Monday morning gold smackdown as of late with the fat finger event as usual??? Easy to get cocky again. If I remember correctly from the past is that the mining projects that were open pit got the most love as costs are less than u/g and the pencil on the napkin figures drew most attention.