INFINITY SQUARE

COMMENTARY FROM THE RIGHT ON ISSUES OF THE DAY... WORLD EVENTS, NATURAL DISASTERS, MARKET FORECASTS, POLITICS AND MORE.

Saturday, August 13, 2005

U.S. Dollar Index (86.80)

I was hoping the U.S. dollar would get stuck at the 90 level in its early stage recovery. It has now backed away from 90 as expected, and near term support would appear to be in the area of 85 (the 200-Day Moving Average). Any short term evidence of real support in the area of the 200-Day Moving Average, would add further credence to my view that a real recovery has been launched.

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