My view on this is clear: Big money is posturing for weaker U.S. dollars. However Europe’s ills will keep the USD rising, so we will want to view next Friday’s new COT report to see if big money posturing stalls on Europe’s debt crisis. If not, please note that when the U.S. Dollar Index drops, it will be extreme as the weight of “big money” pushing down on the U.S. dollar will be getting heavier. Now if more signs show a global economic meltdown, the world wide safe haven will be the U.S. dollar just like in 2008.
Have a prosperous trading week.
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