Saturday, October 11, 2014

King Dollar Has Not Been Dethroned Just Yet

by Dan Norcini
Trader Dan Norcini

Trying to get a read on these markets during the times that the Fed is either announcing policy changes or releasing minutes can be incredibly difficult. The sheer ferocity of the moves in price can confound even the most astute and dedicated chart watchers.
It would appear at this point ( don’t hold your breath however as who knows what will happen in the next hour much less the next day in these markets anymore) that the Dollar found eager buyers at the key breakout level near 85.00 on the USDX chart.
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