Panic is in the Air…

Well, seemingly markets are in ‘risk-off’ mode again, with everything but the dollar, yen and government debt taking a hit. I thought I’d point out our opinion on the dollar in case anyone missed it the other week.

 

Basically, by June 24th the dollar index had made a higher low and was testing the short-term high. We highlighted that we were generally positive about the dollar index, especially if it made that new high. We were a little early and got messed around a bit, but over the past few days the dollar index has made that new short-term high. So, what was said in the post linked above still stands.

 

Dollar Index Daily Chart

A new short-term high in the dollar index. Click to enlarge. Source: Finviz.com

 

The homepage of FT.com

The homepage of ft.com. Can you smell the panic? Click to enlarge.

See here for our collection of rare historical economic data.

Posted Jul 12, 2011
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