Thursday Outlook: Commodities, Global Markets [View article]
Maybe the US dollar is now being used for the carry trade?
Right now the entire market is the dollar trade. Compare the UUP and the SPY. Bingo, almost direct correlation. Its a FOREX market all on the fundamentals of the dollar.
Thursday Outlook: Commodities, Global Markets [View article]
Right now the entire market is the dollar trade. Compare the UUP and the SPY. Bingo, almost direct correlation. Its a FOREX market all on the fundamentals of the dollar.