ARTICLE SYNOPSIS...With gold on a northbound tear, it's little wonder that the US Dollar Index is currently in a descending mode. Will the significant support area near 76.00 even hold, much less act as a reversal point?
ARTICLE SYNOPSIS...Some market turns are more easily anticipated than others. This sharp turn in the US Dollar Index was no surprise, given the extremes of bearish sentiment prevailing leading up to the reversal.
ARTICLE SYNOPSIS...Here's the midterm outlook for the US Dollar Index.