Thursday, August 4, 2011

Dollar...

 UUP showing some initial signs of a negative divergence here.

 The Euro showing some positive signs, the Euro accounts for 50% of the Dollar Index.

Meanwhile, Japan's Currency intervention s losing some ground. The Yen was widely expected to stabilize around 79.

While the Yen is in the 79 target zone, it's been gaining downside momentum, but Japan has a long history of failed interventions.

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