Matter of Money

The $DXY is trading in a increasingly compressed range, coiling up for an explosive move in either direction. $DXY weekly chart After breaking the red uptrend line I am favoring $USD weakness which could be triggered by the Fed keeping rates at their current levels and not hiking in December as widely expected. Should this scenario materialize, a possible target will be the light green trendline that is currently coming in slightly below 92. *All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks!

The German DAX is neither buy nor sell, caught in the middle between supply and demand (Well that makes sense, right?) I slightly favor the downside for at least another test of the trend-line, but who knows? Maybe Draghi will start buying German shares? I'm sure then it will finally kick-start the economy!