VEU - USD Signal Turns Bearish - What That Means For Other Long-Standing Trends

Introduction

One of the most important, if not even THE most important asset, is the level and direction of the US Dollar (UUP) relative to the rest of the world's currencies. As the undisputed world's reserve currency, the buck tends to set the stage for both sentiment towards risk assets and affects the relative performance of those assets versus each other.

There are as many views regarding the dollar as there are market participants. Many believe it should be lower due to the massive expansion of Quantitative Easing the Federal Reserve has

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