The Us dollar tried to rally, formed a long green candle but ended up losing half its gain. This failed to impress indicators which refused to cross up.
What's bad for the dollar is good for equities.
We may have mentioned before about the XJO hitting the 500 day sma... but just noticed the same has happened to the DJIA and SPX (last week).
Two charts, dollar index and djia
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Last
8,590.7 |
Change
1.400(0.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.1 | 8,610.0 | 8,550.2 |
| XJO (ASX) Chart |