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Dollar rising. Dollar at highs vs JPY, EUR and CHF

USDCHF moved to parity. Other sectors following the post-Election story line.

The dollar is continuing the move higher. The post election story line continues.

  • Bond yields higher,
  • Industrial stocks higher. The tech sector not. Banks also higher.
  • Oil lower by _$0.66 or -1.59%
  • Gold down -$13 or 1.11%

And the dollar moving higher against the EUR, JPY and CHF.

The USDCHF touched the parity level (1.0000 level) and in the process traded above the high from October at 0.99975. The high could only get to 1.00015 so far, but it is not backing up much.

The EURUSD is trading is testing the low for the year at 1.0710.

The EURUSD is making the break away from the Red Box outlined in posts from last week. That Box has confined most of the price action between 1.0777 and 1.1465. We were due to break out out of that quagmire and we are seeing it now.

The USDJPY is continuing the march away from the 200 day MA at 106.489 after holding the support against the 100 bar MA on the 5-minute chart. We are above topside trend line at 108.25. That is now a risk level for the longs.

The flows not only into the dollar - but also into and out of the other sectors - continues. It is hard to fight the trend.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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