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<title>Minyanville - Cody Tafel RSS</title>
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The Trusted Choice for the Wall Street Voice
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<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
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		<item>
<title><![CDATA[US Dollar Index Testing Last Summer's Highs and a Major Breakout Level]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market-uup-udn-fxe-us/5/21/2013/id/49948</link>
<pubDate>
			Tue, 21 May 2013 15:27:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market-uup-udn-fxe-us/5/21/2013/id/49948</guid>
<description>
<![CDATA[The US Dollar Index is testing the highs from last July, and so far, we seem to be stalling right below the major 84.25 breakout level. However, last Friday saw a weekly close above the breakout level, so I would imagine that once the Fed headlines are over tomorrow, it should be safe to start buying the US Dollar Index on pullbacks to the 83 level. Another weekly close above the 84.25 level opens the door all the way to 89, which is the high from the summer of 2010. Above 89, it is pretty much clear sailing straight to ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index is testing the highs from last July, and so far, we seem to be stalling right below the major 84.25 breakout level. However, last Friday saw a weekly close above the breakout level, so I would imagine that once the Fed headlines are over tomorrow, it should be safe to start buying the US Dollar Index on pullbacks to the 83 level. Another weekly close above the 84.25 level opens the door all the way to 89, which is the high from the summer of 2010. Above 89, it is pretty much clear sailing straight to ]]>
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<title><![CDATA[US Dollar Looks Ready to Run, but Volatility Might Return This Month]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Should-Continue-to/5/14/2013/id/49815</link>
<pubDate>
			Tue, 14 May 2013 12:30:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Should-Continue-to/5/14/2013/id/49815</guid>
<description>
<![CDATA[The US Dollar Index confirmed the bullish trend is intact by turning higher last week at the key 82 support level, and it now looks poised to make a run very similar to May of last year, which saw the US Dollar Index rally 5% in one month! My initial targets have been the upper 80s at least in the short term; longer term, the US Dollar Index could easily run all the way back to 100. This is why I still really like the risk reward of this trade even after the current bounce off support. On the longer ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index confirmed the bullish trend is intact by turning higher last week at the key 82 support level, and it now looks poised to make a run very similar to May of last year, which saw the US Dollar Index rally 5% in one month! My initial targets have been the upper 80s at least in the short term; longer term, the US Dollar Index could easily run all the way back to 100. This is why I still really like the risk reward of this trade even after the current bounce off support. On the longer ]]>
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<title><![CDATA[US Dollar Index Is Turning Higher at Key Support and Should Not Break 82]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Is-Turning-Higher/5/7/2013/id/49686</link>
<pubDate>
			Tue, 7 May 2013 13:30:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Is-Turning-Higher/5/7/2013/id/49686</guid>
<description>
<![CDATA[The US Dollar Index has turned higher right where it should, and if the bull trend is to resume, then the DX should not break back below 82. I continue to like the risk reward of the DX at these levels, and now that we have some headline risk out of the way, the market should be able to resume moving higher. I would also keep a very close eye on the US bond market, as it looks like rates could be turning higher here. I think the DX could easily rally into the high 80s so the risk reward ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index has turned higher right where it should, and if the bull trend is to resume, then the DX should not break back below 82. I continue to like the risk reward of the DX at these levels, and now that we have some headline risk out of the way, the market should be able to resume moving higher. I would also keep a very close eye on the US bond market, as it looks like rates could be turning higher here. I think the DX could easily rally into the high 80s so the risk reward ]]>
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<title><![CDATA[Today's Strength in the British Pound, Euro Is Testing Dollar Bulls]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Today2527s-Strength-in-the-British-Pound/4/30/2013/id/49559</link>
<pubDate>
			Tue, 30 Apr 2013 13:55:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Today2527s-Strength-in-the-British-Pound/4/30/2013/id/49559</guid>
<description>
<![CDATA[Currencies have remained volatile over the past week, and just when it looked like the US Dollar Index would resume its bull trend, the market has reversed and is now testing key levels for DX bulls. I have been watching this 82 level as key support, and we were breaking below that level this morning. However, I am starting to see some divergences in the currency market, as the British pound has been strong, but the Australian dollar has been relatively weak. So I am going to be a little patient today with DX long positions, and see which way ]]>
</description>
<content:encoded>
	<![CDATA[Currencies have remained volatile over the past week, and just when it looked like the US Dollar Index would resume its bull trend, the market has reversed and is now testing key levels for DX bulls. I have been watching this 82 level as key support, and we were breaking below that level this morning. However, I am starting to see some divergences in the currency market, as the British pound has been strong, but the Australian dollar has been relatively weak. So I am going to be a little patient today with DX long positions, and see which way ]]>
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<title><![CDATA[Currency Market: US Dollar Index Has Rallied Nicely From 82 Support Level]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market-UDN-uup-fxe-fxa/4/23/2013/id/49427</link>
<pubDate>
			Tue, 23 Apr 2013 12:42:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market-UDN-uup-fxe-fxa/4/23/2013/id/49427</guid>
<description>
<![CDATA[The US Dollar Index found support at the 82 level that was highlighted last week and it turned sharply higher last Wednesday. I think this successful test of support shows that the trend higher is healthy and intact, and I would now target a move into the upper 80s for the US Dollar Index. Notice how the daily MACD is turning higher and showing improving momentum, and the longer term pattern looks like a bullish cup and handle could be forming. A close above 84 could really get the DX going higher.  See the chart below.


Click to enlarge

The ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index found support at the 82 level that was highlighted last week and it turned sharply higher last Wednesday. I think this successful test of support shows that the trend higher is healthy and intact, and I would now target a move into the upper 80s for the US Dollar Index. Notice how the daily MACD is turning higher and showing improving momentum, and the longer term pattern looks like a bullish cup and handle could be forming. A close above 84 could really get the DX going higher.  See the chart below.


Click to enlarge

The ]]>
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<title><![CDATA[Currency Market: US Dollar Index Should Have Very Solid Support Around 82]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-US-Dollar-Index-Should/4/16/2013/id/49297</link>
<pubDate>
			Tue, 16 Apr 2013 13:22:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-US-Dollar-Index-Should/4/16/2013/id/49297</guid>
<description>
<![CDATA[The US Dollar Index is pushing below the 82 level, which I think should be very solid support. The November 2012 high was 81.5, so I would be an aggressive buyer of DX as it sells off below 82 today. The 200-day moving average support is also just above 81, so I think you are risking less than a dollar here for three or more on the upside. If I am correct about the current DX setup, this is a great low risk buying opportunity for a move that could potentially target 90 and higher. See the chart below.


Click ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index is pushing below the 82 level, which I think should be very solid support. The November 2012 high was 81.5, so I would be an aggressive buyer of DX as it sells off below 82 today. The 200-day moving average support is also just above 81, so I think you are risking less than a dollar here for three or more on the upside. If I am correct about the current DX setup, this is a great low risk buying opportunity for a move that could potentially target 90 and higher. See the chart below.


Click ]]>
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<title><![CDATA[Currency Market: US Dollar Index Is Consolidating Above the 82.5 Level]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-US-Dollar-Index-Is/4/9/2013/id/49162</link>
<pubDate>
			Tue, 9 Apr 2013 13:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-US-Dollar-Index-Is/4/9/2013/id/49162</guid>
<description>
<![CDATA[The US Dollar Index has consolidated over the past few weeks. While it is starting to form some short-term support at 82.5, I would wait for a break back down into the 81.5 level before getting aggressively long again. The 200-day moving average, currently just above 81, should provide solid support on any pullbacks below 81.5. Therefore, I think it is prudent to be patient and wait for that ideal risk/reward setup to increase long exposure to the US Dollar Index. See the chart below.


Click to enlarge

A couple other currencies have caught my interest in the past week, ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index has consolidated over the past few weeks. While it is starting to form some short-term support at 82.5, I would wait for a break back down into the 81.5 level before getting aggressively long again. The 200-day moving average, currently just above 81, should provide solid support on any pullbacks below 81.5. Therefore, I think it is prudent to be patient and wait for that ideal risk/reward setup to increase long exposure to the US Dollar Index. See the chart below.


Click to enlarge

A couple other currencies have caught my interest in the past week, ]]>
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<title><![CDATA[US Dollar Index Continues to Grind Higher (And the July 2012 High Is in Reach)]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Continues-to-Grind/4/2/2013/id/49031</link>
<pubDate>
			Tue, 2 Apr 2013 14:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Continues-to-Grind/4/2/2013/id/49031</guid>
<description>
<![CDATA[The US Dollar Index has continued to grind higher and looks to be making its way to the July 2012 highs around the 84 level. I would wait for pullbacks below the 82 level to increase long exposure to the DX, although this strong trend might push towards that 84 level before we see a meaningful pullback. Going forward the 200-day moving average just above 81 and prior November highs around 81.5 should provide solid support levels where we could aggressively increase exposure. See the chart below.


Click to enlarge

I would continue to keep an eye on the Australian ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index has continued to grind higher and looks to be making its way to the July 2012 highs around the 84 level. I would wait for pullbacks below the 82 level to increase long exposure to the DX, although this strong trend might push towards that 84 level before we see a meaningful pullback. Going forward the 200-day moving average just above 81 and prior November highs around 81.5 should provide solid support levels where we could aggressively increase exposure. See the chart below.


Click to enlarge

I would continue to keep an eye on the Australian ]]>
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<title><![CDATA[Currency Market: Us Dollar Index Continues to Benefit From Trouble in the Eurozone]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-Us-Dollar-Index-Continues/3/26/2013/id/48930</link>
<pubDate>
			Tue, 26 Mar 2013 13:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-Us-Dollar-Index-Continues/3/26/2013/id/48930</guid>
<description>
<![CDATA[The US Dollar Index has continued to trend higher after offsetting the bearish head-and-shoulders pattern and 200-day moving average late last month. This trend has been exacerbated by the continued weakness in the euro and the Japanese yen, and while near term we might see some consolidation at these levels, I would continue to use pullbacks in the US Dollar Index to add long exposure. Any move back below 82 on the DX should be a buying opportunity. See the chart below.


Click to enlarge

This strength in the US Dollar has been pretty much the only thing going on ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index has continued to trend higher after offsetting the bearish head-and-shoulders pattern and 200-day moving average late last month. This trend has been exacerbated by the continued weakness in the euro and the Japanese yen, and while near term we might see some consolidation at these levels, I would continue to use pullbacks in the US Dollar Index to add long exposure. Any move back below 82 on the DX should be a buying opportunity. See the chart below.


Click to enlarge

This strength in the US Dollar has been pretty much the only thing going on ]]>
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<title><![CDATA[Currency Market: US Dollar Index Breaks Right Through 200-Day Moving Average]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-US-Dollar-Index-Breaks/2/26/2013/id/48378</link>
<pubDate>
			Tue, 26 Feb 2013 12:26:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market253A-US-Dollar-Index-Breaks/2/26/2013/id/48378</guid>
<description>
<![CDATA[The US Dollar Index broke right through the 200-day moving average last week around the 81 level, and the recent weakness in the euro has help propel the DX right to the 82 level. It looks like the head-and-shoulders topping pattern is failing as the right shoulder is being offset to the upside. This confirms my thoughts from last week that this market has moved back into a bullish position, and pullbacks in the US Dollar Index to the 81 level should now be used to add long exposure. If the longer term trend is in fact shifting higher, then ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index broke right through the 200-day moving average last week around the 81 level, and the recent weakness in the euro has help propel the DX right to the 82 level. It looks like the head-and-shoulders topping pattern is failing as the right shoulder is being offset to the upside. This confirms my thoughts from last week that this market has moved back into a bullish position, and pullbacks in the US Dollar Index to the 81 level should now be used to add long exposure. If the longer term trend is in fact shifting higher, then ]]>
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<title><![CDATA[Currency Market: US Dollar Index Has Stabilized, and Might Even Head Higher]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market-currencies-us-dollar-euro/2/19/2013/id/48216</link>
<pubDate>
			Tue, 19 Feb 2013 14:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Market-currencies-us-dollar-euro/2/19/2013/id/48216</guid>
<description>
<![CDATA[The US Dollar Index has stabilized above the 80 level. Now the 200-day moving average near the 81 level will be the next major hurdle for this market. It seems that -- with this start of "currency wars" and significant weakness in the British pound and Japanese yen -- the US dollar is finding itself in a decent position as the best house in a bad neighborhood! Therefore, as long as the US Dollar Index stays above 80.5 there is no reason to stay short, and I would actually look to get long the US dollar, especially if it can ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index has stabilized above the 80 level. Now the 200-day moving average near the 81 level will be the next major hurdle for this market. It seems that -- with this start of "currency wars" and significant weakness in the British pound and Japanese yen -- the US dollar is finding itself in a decent position as the best house in a bad neighborhood! Therefore, as long as the US Dollar Index stays above 80.5 there is no reason to stay short, and I would actually look to get long the US dollar, especially if it can ]]>
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<title><![CDATA[Currency Market: US Dollar Index Forming a Top]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Forming-a-Top/2/5/2013/id/47891</link>
<pubDate>
			Tue, 5 Feb 2013 10:07:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Forming-a-Top/2/5/2013/id/47891</guid>
<description>
<![CDATA[The US Dollar Index is forming a head and shoulders topping pattern, and I think this is a clear signal that the DX is headed for a test of the mid 70s. With the DX trading just below 80, upside risk is only to the 200-day moving average around the 81 level, and a close below 79 will confirm a downside target to 75 or even lower. So there is a very nice risk-reward setup in a US Dollar Index short position at current levels. As you can see in the 2-year chart below of the US Dollar Index, below ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index is forming a head and shoulders topping pattern, and I think this is a clear signal that the DX is headed for a test of the mid 70s. With the DX trading just below 80, upside risk is only to the 200-day moving average around the 81 level, and a close below 79 will confirm a downside target to 75 or even lower. So there is a very nice risk-reward setup in a US Dollar Index short position at current levels. As you can see in the 2-year chart below of the US Dollar Index, below ]]>
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<title><![CDATA[Currency Market: US Dollar Index Failed Right Where It Should]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Failed-Right-Where/1/15/2013/id/47405</link>
<pubDate>
			Tue, 15 Jan 2013 11:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Failed-Right-Where/1/15/2013/id/47405</guid>
<description>
<![CDATA[The US Dollar Index failed right where it should over the past week, and validated the 200-day moving average and 81 level as significant resistance. As I mentioned last week, I liked adding short exposure to the DX above 80, and I would continue to sell this market. The next key level in my view is 79, and a close below there would be very bearish for the DX, as it would open the door to further US dollar weakness back into the mid 70s. We'll use the 75-77 range as a target if we do see a DX close ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index failed right where it should over the past week, and validated the 200-day moving average and 81 level as significant resistance. As I mentioned last week, I liked adding short exposure to the DX above 80, and I would continue to sell this market. The next key level in my view is 79, and a close below there would be very bearish for the DX, as it would open the door to further US dollar weakness back into the mid 70s. We'll use the 75-77 range as a target if we do see a DX close ]]>
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<title><![CDATA[Currency Market: US Dollar Index Has Rallied Into Resistance Range]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-has-rallied-into/1/8/2013/id/47222</link>
<pubDate>
			Tue, 8 Jan 2013 09:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-has-rallied-into/1/8/2013/id/47222</guid>
<description>
<![CDATA[The US Dollar Index has rallied above the 80 resistance level I mentioned last week, and I think this resistance range here between 80 and 81 should provide formidable resistance. The DX almost touched 81 Friday morning, which also happens to be the 200-day moving average. This allows us to enter short positions in the US Dollar Index with a very tight stop just above the market at 81. A failure back below the 79 level would confirm the head and shoulders topping pattern and project a downward move back down to the 75 level. So at current levels, we ]]>
</description>
<content:encoded>
	<![CDATA[The US Dollar Index has rallied above the 80 resistance level I mentioned last week, and I think this resistance range here between 80 and 81 should provide formidable resistance. The DX almost touched 81 Friday morning, which also happens to be the 200-day moving average. This allows us to enter short positions in the US Dollar Index with a very tight stop just above the market at 81. A failure back below the 79 level would confirm the head and shoulders topping pattern and project a downward move back down to the 75 level. So at current levels, we ]]>
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<title><![CDATA[US Dollar Index Is Failing at the 80 Resistance Level, and Should Be Sold]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Is-Failing-at/1/2/2013/id/47076</link>
<pubDate>
			Wed, 2 Jan 2013 12:26:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/US-Dollar-Index-Is-Failing-at/1/2/2013/id/47076</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL I know it has been a while since I provided an update on the currency market, but outside of the Japanese yen, there has not been much to highlight. After a tough trading environment in 2012, it is nice to have a clean slate to start 2013, so let's see where we might have some immediate trading opportunities.

The US Dollar Index looks like a screaming short to me to start off the New Year, which hopefully should bode well for risk assets and a strong January for equities. As you can see in the two-year chart below, ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL I know it has been a while since I provided an update on the currency market, but outside of the Japanese yen, there has not been much to highlight. After a tough trading environment in 2012, it is nice to have a clean slate to start 2013, so let's see where we might have some immediate trading opportunities.

The US Dollar Index looks like a screaming short to me to start off the New Year, which hopefully should bode well for risk assets and a strong January for equities. As you can see in the two-year chart below, ]]>
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<title><![CDATA[Currency Market: US Dollar Index Is Testing the 80 Resistance Level, and Should Be Sold]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/currency-marketus-dollar-us-dollar-index/10/23/2012/id/45268</link>
<pubDate>
			Tue, 23 Oct 2012 12:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/currency-marketus-dollar-us-dollar-index/10/23/2012/id/45268</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index is catching a bid this morning with the risk-off tape, and it is popping above the 80 resistance level. There is pretty heavy resistance above 80 as the DX is now seeing a "Death Cross" with the 50-day moving average crossing below the 200-day moving average. This should provide significant resistance on any rally above 80.5, so it looks like the US Dollar Index is setting up as a nice risk/reward short at current levels. I think you are risking 81 on the upside, for a potential downside move back into the mid 70s. ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index is catching a bid this morning with the risk-off tape, and it is popping above the 80 resistance level. There is pretty heavy resistance above 80 as the DX is now seeing a "Death Cross" with the 50-day moving average crossing below the 200-day moving average. This should provide significant resistance on any rally above 80.5, so it looks like the US Dollar Index is setting up as a nice risk/reward short at current levels. I think you are risking 81 on the upside, for a potential downside move back into the mid 70s. ]]>
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<title><![CDATA[Currency Market: US Dollar Index Has Stalled Out at the 80 Level, and Looks to Be Rolling Over]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/us-dollar-us-dollar-index-euro/10/9/2012/id/44822</link>
<pubDate>
			Tue, 9 Oct 2012 12:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/us-dollar-us-dollar-index-euro/10/9/2012/id/44822</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index is now testing 80 from below, and so far it is proving to be a formidable resistance level. There is much heavier resistance just above, near the 200-day moving average and the 81 level, so any rallies above 80 probably don't have much more upside at least in the near term. With the risk off market today, it looks like that the USD will rally back above 80. If it can get back above 80.5, it might be worth starting to add some USD short positions. That entry level would offer the best risk ]]>
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	<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index is now testing 80 from below, and so far it is proving to be a formidable resistance level. There is much heavier resistance just above, near the 200-day moving average and the 81 level, so any rallies above 80 probably don't have much more upside at least in the near term. With the risk off market today, it looks like that the USD will rally back above 80. If it can get back above 80.5, it might be worth starting to add some USD short positions. That entry level would offer the best risk ]]>
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<title><![CDATA[Currency Market: US Dollar Index Has Found Support Below 80, but the Trend Has Turned Lower]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/currencies-currency-markets-euro-us-dollar/10/2/2012/id/44596</link>
<pubDate>
			Tue, 2 Oct 2012 11:50:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/currencies-currency-markets-euro-us-dollar/10/2/2012/id/44596</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL The US dollar has clearly rolled over, and while there is a possibility that this could be a head-fake, I think we must respect the market action here, which is signaling further USD weakness. The 200 day moving average is starting to flatten out near 81, which is about a point higher than current market levels. I think the 81 level will be critical to watch in the coming weeks, as it will most likely cap any further US dollar bounce. The Fed clearly wants to keep rates low, and this will not provide a bid for the ]]>
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	<![CDATA[MINYANVILLE ORIGINAL The US dollar has clearly rolled over, and while there is a possibility that this could be a head-fake, I think we must respect the market action here, which is signaling further USD weakness. The 200 day moving average is starting to flatten out near 81, which is about a point higher than current market levels. I think the 81 level will be critical to watch in the coming weeks, as it will most likely cap any further US dollar bounce. The Fed clearly wants to keep rates low, and this will not provide a bid for the ]]>
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<title><![CDATA[Currency Market: US Dollar Index Has Blown Through the 200-Day Moving Average Support]]></title>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/gld-uup-udn-gold-us-dollar/9/18/2012/id/44109</link>
<pubDate>
			Tue, 18 Sep 2012 12:40:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/gld-uup-udn-gold-us-dollar/9/18/2012/id/44109</guid>
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<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index has accelerated lower after breaking the 200-day moving average on September 7, and it seems from the recent Fed outlook that the trend lower should continue. Unfortunately, the market is proving my view of a longer term bull market in the US dollar to be incorrect. While this could be another shake-out, we must manage risk; therefore, I would use any bounces in the DX to reduce long US dollar exposure. The upside should remain limited above 80 as the 200-day moving average will now provide heavy resistance on any rallies above that level. ]]>
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	<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index has accelerated lower after breaking the 200-day moving average on September 7, and it seems from the recent Fed outlook that the trend lower should continue. Unfortunately, the market is proving my view of a longer term bull market in the US dollar to be incorrect. While this could be another shake-out, we must manage risk; therefore, I would use any bounces in the DX to reduce long US dollar exposure. The upside should remain limited above 80 as the 200-day moving average will now provide heavy resistance on any rallies above that level. ]]>
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<title><![CDATA[Currency Market: US Dollar Index Is Testing the 200-Day Moving Average Support Level]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/UUP-UDN-us-dollar-index-dx/9/4/2012/id/43698</link>
<pubDate>
			Tue, 4 Sep 2012 11:40:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/UUP-UDN-us-dollar-index-dx/9/4/2012/id/43698</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index (UUP) (UDN) has decisively broken key short-term support levels. As expected from last week's update, it is testing the 200-day moving average, which currently lies just below the 81 level. This longer term support level must provide an end to this recent US Dollar Index selling, or else we might have to change our view on this market.

I would expect a relief rally from these support levels at some point over the next week, but I'm afraid we can't be aggressive again on the long side of this trade until we start to ]]>
</description>
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	<![CDATA[MINYANVILLE ORIGINAL The US Dollar Index (UUP) (UDN) has decisively broken key short-term support levels. As expected from last week's update, it is testing the 200-day moving average, which currently lies just below the 81 level. This longer term support level must provide an end to this recent US Dollar Index selling, or else we might have to change our view on this market.

I would expect a relief rally from these support levels at some point over the next week, but I'm afraid we can't be aggressive again on the long side of this trade until we start to ]]>
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