The dollar

The dollar is at an interesting juncture from a technical viewpoint (click on the chart to enlarge).

First. The greenback seems to be going through a nice double top.

Second. The dollar has declined from a very important resistance level and some technical indicators reflect a serious loss of momentum.

Third. The blue line is an important support. A break on the downside could imply a major decline is in the cards. Is this what the strength of commodities is predicting?

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

George Dagnino, PhD