WallStForMainSt: Will The US Dollar Index Fall Further Down to 79?

  • Wednesday, 21 February 2018 04:51
The US Dollar Index is currently hovering around 89. Jason Burack of Wall St for Main St shows how on the 2 year US Dollar Index chart there's no major support levels below 89 but on the 5 year chart and the Max (11 year) chart of the US Dollar Index on Yahoo Finance how there's not major support levels for the US Dollar Index until around the 79 level. Do you think the US Dollar Index will fall down to 79 or will new Fed Chairman, Jerome "Jay" Powell or the ESF or other Plunge Protection Teams (PPT) save the US Dollar from falling further and produce a miraculous rally? It's also strange how the correlation in the past where rising interest rates meant a strong US Dollar has seemed to stop working. Now, despite rate increases in 2017 the US Dollar has weakened pretty extensively. This is despite the Bank of Japan and the ECB doing a lot more QE than the Fed in 2017. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]

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