Latest thoughts from chartist Ploy! She’s looking closely @ the Dollar Index and the impact on the markets globally.
Apologies for my last week’s forecast that the US dollar index would fall until late December.
The US dollar index bounced back and made a significant breakout above the given barrier at 79.70-79.84. It may head up toward the key barrier at 81.28-81.30. This is the pressure that is pushing the world equity markets and gold price down. I now cancel my last week’s prediction that the US dollar index may fall until late December.