Friday, September 15, 2017

Where is the stock market heading? Watch the Dollar!

Where is the market headed? Watch the Dollar!

Global Markets rally remains a counter dollar rally. The Dollar Index briefly broke its 3 years low  (91.8)  touching 91.01 before rebounding to trade above. The dollar weakness reflects the faltering confidence of Trump's ability to deliver tax reform. The US house speaker Paul Ryan has announced that the reform tax outline will be announced on the week on 25th Sept. If investors renew their believe  that  the reform tax  can make America Great again, it will be the best chance for a Dollar rally. A Dollar resurgence will be detrimental to the market. A break above 93 in the dollar index could trigger a huge technical rebound on the upside to 97.5.  Watch the week of 25th Sept!
All posts and charts are for educational and illustration purposes only

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