The US Dollar Index and Euro War Continues

I’ve just posted a number of market timing tweets as DavidBDurandMD on Twitter. The summary is that the Euro is at the moment winning over the US dollar which effects the US dollar index more than the drop of the yen vs. the Euro because the Euro has a much bigger weight in the US dollar index.

Nevertheless the Oct. and Nov. 2010 highs of the Euro vs. US dollar would have to be taken out for the Euro to win the overall “war” of currencies.

Read my other posts from today. I also commented on gold, stocks, and the Nikkei 225 index.

Advertisements
This entry was posted in Euro, Market timing, US Dollar Index, Yen and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s