Wednesday, November 16, 2011

The Advisor Weblog

The Advisor Weblog


Dollar time

Posted: 16 Nov 2011 06:41 AM PST

 

Hi everyone! While dollar keeps extending gains, European stocks struggle to remain in green today, after a positive start, now off daily highs. Data coming from the Euro zone, and the UK continues disappointing, while improving in the US; despite Wall Street opened slightly red, I do still believe that is dollar time: the worst seems to be over in the US, while just starting at the other shore of the Atlantic. Intraday short term corrections against it, will be just be seen as opportunities to buy the greenback.

Here is the short term updated perspective for majors:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/11/16/02/

 

Have a great trading day!


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