News of a truce in the shut-down wars, forced a reaction from gold, while the US dollar imploded. The Euro and the CAD also reacted on Friday. It looks like the US dollar is going to keep heading south, but this could also be just another correction. We only have about 5 more trading days until the end of January after which the US dollar can add another leg up. Above all, and to help confirm another bullish leg up, this US dollar chart can’t crash below the January 10th low of about 95.050. Besides a few “flash” type moves the markets have been pretty boring, but with the government ready to publish some economic data in the next few weeks, all hell could break lose.
My updates are going to be sporadic in the next few weeks and months. I will put up a permanent page posting when I have more information.