Saturday 6 December 2014

King Dollar continues to climb

With the monthly jobs data coming in good, the USD continued to gain strength, with a new five year high of 89.50, breaking the March' 2009 high of 89.11. Next target is the Nov' 2005 high of 92.33. The giant 100 level is now a viable target for 2015.


USD, monthly


Summary

So.. the March' 2009 high has been decisively busted... and now its a case of where the USD settles at year end.

On any 'fair' outlook, the Euro and Yen look set to weaken across the next few years. Even if the Fed do QE4... it will probably not be enough to turn the market in favour of Euro/Yen.

I'm bullish dollar at least for ALL of 2015...if not another 3-4yrs. 

.. and that will conclude another week.

Goodnight from London
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*the weekend post will be on the US monthly indexes. I'll very likely also add a podcast via Youtube.