July 17, 2023

By Nigam Arora & Dr. Natasha Arora

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

Dollar Predictions

Please click here for a chart of Dollar Index Bullish Fund (UUP).

Note the following:

• The chart shows that the dollar has dropped recently into the support zone.
• The chorus of momo guru predictions that the dollar bull run has ended is picking up steam again.  Keep in mind that momo gurus tend to be perma dollar bears for several reasons.
  • Stories of the dollar’s demise generate high viewership on television, high page views on the internet, and large subscription sign ups for newsletters.