April 12, 2012 at 18:05 PM EDT
The Dollar Is Open to Fresh Lows, Plus Signs of a Stock Market Sell-Off
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: Gold followed one big target by surging sharply to its next. But now a shallow dip is unlikely to precede higher highs and almost any delay in extending higher would be bearish. Meanwhile a lowlight worth mentioning is the long bond's apathy toward the stock market rally. It might be telling us something... Dollar Basket Jun Contract DX; ...
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