The dollar index nears the dreaded "death cross" - the 50-day moving average moving below the...

|By:, SA News Editor

The dollar index nears the dreaded "death cross" - the 50-day moving average moving below the 200-day moving average. To the technicians who mostly populate foreign exchange trading, the pattern is thought to confirm the start of a new downtrend. The dollar bull ETF (UUP) looks to have already completed the formation.