Dominate Your Market
by Jim Wyckoff
See on the daily bar chart for the U.S. dollar index that prices are trending down and this week hit a seven-week low. The greenback bears have the firm near-term technical advantage. The depreciating U.S. dollar on the foreign exchange market is a bullish element for the raw commodity sector, as it makes raw commodities on the world market (most of which are priced in U.S. dollars) cheaper to purchase in non-U.S. currency. Stay tuned! Jim
There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.