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Jim Wyckoff

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Greenback Strong Amid Anxious World Marketplace

October 19, 2018 by Jim Wyckoff

The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart that the dollar bulls had a good week amid several geopolitical matters on the front burner of the marketplace that prompted safe-haven demand for the world’s strongest currency. And those geopolitical developments could see at least one of them escalate in the near term. Don’t be surprised to see the dollar index rally beyond chart resistance located at the summertime high in the coming weeks, or sooner. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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