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Technical analyst Chris Kimble jump-starts our week with his thoughts on currencies.
Chris comments: Currencies seem to be the driving force: As the Dollar has been driven lower, the Euro/stocks and Commodities have been pushed higher.
Right now the Dollar finds itself on key support and at the same time, the Euro/Copper/500 index are up against the top of their trading ranges!
Pretty hard to fight the Fed and fight the price trend, yet the Dollar on a short-term basis is attempting to produce a bullish pattern on support.
Suspect the rest of the year's price action all hinges on how the Dollar handles this key support line.
Should the "powers that be" cause the Dollar to break support, the rallies of late will continue!
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