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Saturday, 7 July 2012

US Dollar (USD): 7 July 2012, Saturday, 5.45pm Singapore Time

US Dollar (USD) Index: 7 July 2012, Saturday, 5.45pm Singapore Time


The US Dollar will carry on its rally from current point to above $85 in the short term, presenting the next sizeable upside.

DONOVAN RATING:
BUY (ACCUMULATE USD) FROM $81-$83 BEFORE ITS BREAKUP OF IMMEDIATE RESISTANCE AT $82.98.

Intermarket Analysis:
When the USD has consolidated for the next upmove, it means the world financial markets (Frankfurt DAX, London FTSE100, Paris CAC40, Milan MIB, Madrid IBEX, Hong Kong HSI, Seoul KOSPI, Taiwan Taiex, Tokyo NIKKEI, Singapore SiMSCI/STI, Delhi SENSEX, Australia ASX, Shanghai SSE), Commodities, Gold, Silver, Oil and major currencies against USD such as AUD-USD and Euro-USD are soon to be finished with their technical rebounds, and about to finish consolidation for the next wave sell-downs. 


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