September 12, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Lower Dollar

Please click here for a chart of dollar index ETF UUP.

Note the following:

• The chart shows that until last week the dollar was very strong.

• The strength in the dollar had put downward pressure on stocks, gold, oil, and bitcoin.
• The chart shows that the dollar has broken down below the trend line.
• The break down in the dollar was in part responsible for the stock market rally late last week.
• The chart shows that this morning the dollar has fallen further on news from Ukraine.