Sunday, November 27, 2016

US Dollar Index Update as at November 27, 2016

Bearish AB = CD

 US Dollar dropped back a little on Friday having reached a 13 year high on Thursday, it still ended up for the week.

There is great speculation that the US Federal Reserve may hike interest rates in December and there is anticipation of better economic reports on the horizon.

United States housing starts are at the highest rate since August of 2007.

Jobless claims are at their lowest since 1973.

All of these are contributing to a strong US Dollar.

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