Now that we are getting underway in the year we will start to see larger moves come in, as the large funds tend to wait and hold the money on the sideline (as they collect 2% management fee’s) but now that money will have to go into the market.
We could see a mildly stronger dollar for the remainder of the week, pushing foreign currencies lower, gold could consolidate today and then going into tomorrow finally hit the target. Once this all occurs it will be time to assess if the market crash in the dollar will really take place and how to position for it.
Our target is 1.1214
Our target is 1.2580
Our target is 1.3650
Our target is 1640.00