U.S. Dollar Index Breaks Down

Monday, April 16, 2007 | 11:47 AM

In early April, we looked at the US dollar doing poorly versus the Euro.

Today, we see another depiction of this via a good chart from Jeff Saut. The dollar has broken its most recent level of support.
<

U.S. Dollar Index
Us_dollar_index


To those short the dollar, the trend remains your friend . . .

<


Source:
“Risk versus Reward”
Jeff Saut
Equity Research Department, Raymond James & Associates
April 16, 2007
http://www.raymondjames.com/inv_strat.htm

Monday, April 16, 2007 | 11:47 AM | Permalink | Comments (64) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834f7376853ef

Listed below are links to weblogs that reference U.S. Dollar Index Breaks Down:

Comments

The scary part about the fall, it is no longer responding to the Fed hawkish talk. In addition, this lower dollar is exerting additional upward pressure to already rising inflation.

Posted by: V L | Apr 16, 2007 12:27:13 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner