Sunday, July 31, 2005

US Dollar Index 15 Year Seasonal Tendancy...August Bullish


US Dollar Index 15 Year Seasonal Tendancy......

We have an interesting upcoming week in store with the strong US GDP Data last Friday providing the FED the needed stimulus for their current Rate Hike campaign...the US Dollar Index has sold off to the latest positive US Data as the Market has been prepared for a Technical Correction...where the Majority are Positioning against the USD... beware for another North advance in USD has the 15 Year Seasonal Tendancy at work where a US Dollar Index Rally occurrs from the begining of August thru the 3rd week of the month. Therefore my Bullish USD Bias remains. A Great Week to All.....Iris

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