Course of the USD and metals hinges on Capital Flows Data
"On Tuesday, markets will bracing for the U.S. capital flows report for November. The report has been a major factor in determining the dollar's price action, given the market's renewed focus on the U.S. current account deficit.
"Everybody is waiting for the Treasury flows data. In my mind, the data could trigger some sharp moves in the dollar either way, depending on the outcome. My guess is the dollar could either rise or fall 2 percent," said HVB's Wolf.
story.news.yahoo.com
Bullish treasury flow data or some that is not so negative, combined with the deficit cutting spin coming out of the White House and hawkish Fed Speak on rates, and BINGO, we see the dollar at 85 on the Index..
stockcharts.com[h,a]dacaynay[dd][pb40!c200!i!f][ill14!lp14,3,3!le12,26,9!lb14!lm12!lya7,14,28!ld20][J32585127,Y]&pref=G
We'll see what we gets dished up... |
