Friday, March 11, 2011

Euro/Dollar Spread: Bad News for Stocks and Commodities?

Technical analyst Chris Kimble updates his analysis of the Euro/Dollar spread with an observation of the possible impact on a couple of key asset classes.

Chris comments: The power of the pattern is suggesting a Dollar rally and a Euro decline.

In the past this has often foreshadowed lower stock and commodity prices.

If the pattern is correct, look how vulnerable commodities are in the CRB/FCX chart!

No comments:

Post a Comment