I can say this much, the near to intermediate term target is the 7200-6800 level in Dollar Index. Once we see that area we will make another assessment and see if it might bounce. For now we are sellers of rallies in Dollar index.
Let me ask you can our dollar stay down on the low 70's or will it have to come back up? so then there will be a down mov sometime in the next year (s)?
all the countries in the world want their currencies to be 'cheap' so they can export...as our us dollar(USD) stays weak, our big companies will report greater and greater earnings due to their export sales... as Oscar has mentioned in previous videos, you can watch for SPX ,NDX, and commodites to rise as the USD drops, so right now it's a good time to keep the USD on screen as your 'major tell'. 77.69 was the spike low last december in USD that we are challenging now
ok so if you rub this sign "Dont fall away with the upside" away its clearly a contrarion sign to start accumulating shorts for our pension plan.-at least pension planners are investors.
Hello Oscar;
Watched this video again...makes it very clear about the likely "future direction".
Thank you for keeping us in sync.
Cheers!
rj007
simla005 2 years ago
I can say this much, the near to intermediate term target is the 7200-6800 level in Dollar Index. Once we see that area we will make another assessment and see if it might bounce. For now we are sellers of rallies in Dollar index.
I hope this helps,
Oscar
Livewith0scar 2 years ago
Let me ask you can our dollar stay down on the low 70's or will it have to come back up? so then there will be a down mov sometime in the next year (s)?
pimpingoo 2 years ago
all the countries in the world want their currencies to be 'cheap' so they can export...as our us dollar(USD) stays weak, our big companies will report greater and greater earnings due to their export sales... as Oscar has mentioned in previous videos, you can watch for SPX ,NDX, and commodites to rise as the USD drops, so right now it's a good time to keep the USD on screen as your 'major tell'. 77.69 was the spike low last december in USD that we are challenging now
77omniac 2 years ago
ok so if you rub this sign "Dont fall away with the upside" away its clearly a contrarion sign to start accumulating shorts for our pension plan.-at least pension planners are investors.
Silberhorter 2 years ago
fed wants cheaper dollar!!!!
Why in the world would they want that.
dmongia 2 years ago
good video, thank you.
pipnainteasy 2 years ago