In this daily chart, the USD has been moving lower over the past 10 trading days, but is still range bound and trading above the lows set late November 2007, shown at the far left of this chart. The 50-day moving average (light blue) is flat.
Commodity Prices More Sedate
Commodity prices have been more sedate today. The GSCI (Goldman Sachs Commodity Index) is somewhat lower today, with both gold and crude oil prices moving lower from recent highs set in the past few days. I view any retracement from recent highs in commodities to be a buying opportunity, or an opportunity to add to my position.
