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Jay Norris
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Jay Norris is a 20-year CBOT floor veteran, author of the Best Seller "The Secret to Trading Forex, Futures, and ETFs: Risk Tolerance Threshold Theory", "Mastering the Currency Market", McGraw-Hill, 2009, and "Mastering Trade Selection and Management", McGraw-Hill,... More
My company:
Trading University
My blog:
Seeking Alpha
My book:
The Secret to Trading Forex, Futures, and ETF's: Risk Tolerance Threshold
  • Two Clouds Lifted From U.S. Dollar Landscape 0 comments
    Jan 17, 2014 12:41 PM | about stocks: UUP, FXE

    President Obama's speech today in defense of the U.S. intelligence community on the heels of a bipartisan budget agreement in Washington countered very real fears for global investors. This on top of Washington's reining in of Wall Street's speculative ways are definitely positive for long-term U.S. growth, and exactly what local and global leaders want to see.

    (click to enlarge)
    Figure 1. Weekly U.S. Dollar chart

    We see it as no coincidence that the U.S. Dollar is currently breaking higher.

    Jay Norris teaches at Trading University and wrote The Secret to Trading: Risk Tolerance Threshold Theory.

    Trading involves risk of loss and is not suitable for all investors.

    Disclosure: I am long UUP.

    Stocks: UUP, FXE
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