Tuesday, September 30, 2014

Euro Still Moving Lower

Quite the move in the euro today. It's now trading under 1.26 and losing 0.8% on the day.
In the meantime stocks are trying to move higher. We're only 2% under all-time highs (except for small caps which are lagging big time).

Oil is moving higher since last week and gold/silver are freefalling again, simultaneous with the euro. As long as there is no bounce back up in the euro/silver/gold, the dollar will continue to move higher. But will stocks be able to get back to recent highs with the dollar rallying?

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