QE3 Weighs on the US Dollar
The enclosed charts of the Dollar Index (DXY) and the Commodity Index (CRB) began anticipating coordinated stimulus from the Eurozone and from Fed Bernanke back in early August, as the DXY started to weaken, which triggered a positive reaction from the CRB. In particular, though, the DXY breakdown occurred immediately following a massive upside failure to follow though above a 3-year resistance plateau (81.50). Read More on MPTrader
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