Joe Friday: The Dollar Hasn't Done This in 10 Years

March 1st, 2013

by Chris Kimble

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The U.S. Dollar, on a monthly closing basis, has created a series of higher lows since 2008. Now the US$ is working on doing something it hasn't done for the past 10-YEARS in the chart below.

Joe Friday says … A US$ breakout of a 10-year falling channel is something to respect, after it has made a series of higher lows since 2008. If Copper breaks down from its multi-year flag pattern, the combo would be sending a global message in regards to portfolio construction. Be cautious with weightings towards risk assets!

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