Dollar Trend Still Negative
10/07/2009 12:38 pm EST
Despite comments by some of the financial media, technically, there are no signs yet that the dollar is bottoming. Since the March top, the weekly studies have continued to forecast a lower dollar and this is still the case. It would take a two- to three-week dollar rally to suggest a bottom. To get more comments on the dollar and commodities, sign up for this week's Trading Lesson.