GOLD 0.51% $1,391.7 gold futures

gold breaks out of downtrend, page-44

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    The USD Index is calculated against the following mix of currencies -

    Euro (EUR), 58.6% weight
    Japanese yen (JPY) 12.6% weight
    Pound sterling (GBP), 11.9% weight
    Canadian dollar (CAD), 9.1% weight
    Swedish krona (SEK), 4.2% weight and
    Swiss franc (CHF) 3.6% weight


    The Euro makes up 58% of the calulation so as this currency keeps falling, due to the Euro crisis, the USD will keep rising. How far the USD goes up depends mainly on how much the Euro goes down.
 
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