Analysis of Forex Trading, Financial Markets, and Economic Policies
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It seems like the U.S. Dollar (specifically the US Dollar index) will be tanking in the near-term, at least according to Goldman Sachs, Jim Rogers, SocGen, and many others.
Here is a pie chart showing the currency composition of the US dollar index:
As we can see, if the expectation is for Euro appreciation, it most likely [...]
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Drawing via The Reformed Broker
The U.S. dollar index has formed a bullish flag formation on the daily chart (see the image below). It also seems like the U.S. dollar index is kissing the 200 daily simple moving average goodbye for now. U.S. economic data is bidding the dollar higher as the dollar carry trade continues [...]
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