Euro Dollar and the market
By davidc November 16, 2008
Does the dollar have more to run ?
As we chop around in this 4th wave ( pause in the downtrend ) on the SP the dollar has been pretty much moving inverse with the markets. It is my belief however that we will soon see a resumption of trend in the dollar and I intend [...]
Does the dollar have more to run ?
As we chop around in this 4th wave ( pause in the downtrend ) on the SP the dollar has been pretty much moving inverse with the markets. It is my belief however that we will soon see a resumption of trend in the dollar and I intend to trade it. The fall in the market has increased demand for dollars and its clear the ECB is going to keep cutting and potentially more agressively as we start to consider deflation.