Just a reminder that I am beating the drum for folks to test an iPhone app I’ve been developing. Here’s the post in case you missed it.
I’m not really sure what it might mean for equities, but I think the US dollar is going to start really heading south. The dollar index, as shown below, peaked a number of weeks ago. Since then, it has been – – to put it kindly – – sloppy.
I think the Japanese Yen, which has been rushing toward one-ply toilet paper status for years now, is going to bounce higher. The chart below shows how USD/JPY has broken a short-term trendline, and I think the down-move in USD versus the JPY could accelerate.