The Dollar

The movement of the dollar had a lot to do with our expectations n energy as well as equities, earlier it seemed pretty cemented that it was going to move higher, but there's been a development with the Euro you should be aware of.

Pretty much after my last update today on the dollar/Euro the Euro started showing 1 min accumulation, this may build in to the 5 min chart and then expectations will be very different. Remember, if the Euro moves up and we are seeing signs of accumulation, that accounts for 50% of the Dollar Index which would mean the dollar would move lower and all of the correlations like oil and equities would be in a different light. A VERY interesting move today.