This has been the times when exceptional movements are seen on Wall Street. Not only did the FED showed its confidence level on the US economic recovery by pulling the plug on its QE3 program; but with the equivalent back drop of the Bank of Japan replicating their own version of QE3 have driven the USD to levels where not seen over two decades and provided the catalyst to ignite a rally for the USDJPY reaching an all day session high @112.48 and spilled-over to YEN related cross rates sending them to newer heights.
The final leg higher for the USD and the Dow Jones Industrial Average have given investors and institutional the momentum and fuel for this rally. This has confirmed our market and price call on both the Dow and USD to move in tandem through these exceptional times last seen as far back as 1996 to 2000 dramatic moves. The DXY is currently back to the 87.12 high to this writing aiming its levels at the most important levels in history. We @megatrade101 can clearly state that we have gone another full cycle of the USD at the current levels.
Exceptional Times on Wall St. & USD
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