Thursday, November 17, 2016

DRIVING FORCE of the #USD & #EQUITIES Indices / ETFs

It is clear that USD strength is the main catalyst of this market which is driving the market divergence that we have been  mentioned overtime. The US Dollar index - DXY marked a high above 101.00 which is now considered an price extension for the week that would settle on the higher band of its range. And broke out above the 98.00 basis point earlier in this weekly chart.

+megatrade101 has called its fearless forecast since the end of  May 30th  that continued on towards September 08 and October 26,  until November 07, 2016. That the 4th quarter trading would be a significant market action in spite of the declines during election day that saw a quick recovery for the equities market.

DRIVING FORCE of the #USD & #EQUITIES Indices / ETFs 

 On the CCY Corner / ETFs Mix
Calm After the Storm #EURO #YEN Further Weakness into #Thanksgiving Shorten #trading

@RT- VALIDATED from OCT 30 Market Call on #USDJPY, #NIKKEI_225 #HEWJ_ETF ( A Rolling Trade Strategy thru #USD Strength)
Posted by at
Labels: , , , , , ,

1 comment:

  1. UnknownNovember 25, 2016 at 7:24 AM

    Black Friday RETAIL SALES provides a sustainable rise for the DOW & SP500 reaching record highs; #DOW @19135.22 and SP500 @2209.36.

    While USD retreats for the end of the week profit-taking leaving a mild reaction from the rest of the currency pack.

    ReplyDelete

Subscribe to: Post Comments (Atom)