
FOREIGNERS DUMP THE DOLLAR, GOLD AND YEN ACT AS SAFE HAVEN, JPMORGAN HELPS STOCK MARKET, COOLER PPI
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Extraordinary Behavior Please click here for a chart of the dollar index (DXY). Note the following: The chart also shows gold ETF (GLD), Japanese currency yen ETF (FXY), S&P 500 ETF (SPY), and JPMorgan (JPM). The chart shows that the dollar index has fallen below the psychologically important level of 100. Unlike stocks, the dollar normally does not move as much as it has recently as shown on the chart. This move in the dollar is extraordinary. The chart shows the move in