Dominate Your Market
by Jim Wyckoff
The U.S. dollar index is a basket of six major currencies weighted against the greenback. See on the daily bar chart that the USDX has just hit a 4.5-month high and the bulls have restarted a price uprend. The stronger U.S. dollar is a negative element for many raw commodity markets. Reason: Many raw commodities are priced in U.S. dollars on the world markets. When the dollar appreciates, it makes those commodities more expensive to purchase in non-U.S. currency. Stay tuned!
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.