Friday, 1 April 2011

DXY - Dollar Index - Up Up and Away !!!!!

The DXY surges higher


It is the most hated asset out there


It is almost a PHOENIX


It looks to me as if it is rising from the ashes ie 75


No one can explain why it is rising - at least from a fundamental basis but if sentiment is so extreme against anything like it is Vs the DXY - mother nature is bound to express herself in the exact opposite way


Also I cant understand how the EURO can be strong and at 142 - but once the DXY gets toward 81 and above that expect the EURO to fall like a stone



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