Near-Sighted Investors Don't See These Signals

All eyes were on the October jobs report this week - to see whether it would increase the odds of a Fed rate hike in December - butthey should have been on the dollar. The U.S. Dollar Index (DXY) ended the week at 99.17, up sharply from its mid-October low of 94 as the Japanese Yen and Euro pierced key levels of 122 and $1.08, respectively. The Yen ended the week at 123.13 and the Euro at 1.074 based on expectations that the Fed will move in December - andthe realization that the ECB and Bank of Japan have no choice but to increase easing measures as their economies continue to circle the drain. A stronger dollar will make it very difficult for the price of oil and other commodities to rise and much more likely they will test new lows. A stronger dollar will also pressure the earnings of S&P 500 companies in the fourth quarter and 2016. A stronger dollar will make it very difficult for the price of oil and other commodities to rise and much more likely they will test new lows. A stronger dollar will also pressure the earnings of S&P 500 companies in the fourth quarter and 2016. To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Near-Sighted Investors Don't See These Signals appeared first on Money Morning - We Make Investing Profitable .