I don't post a whole lot about currencies because it was out of the scope of this blog but, as previously stated, I'm going to start writing about things outside of the junior mining/resource sector because, frankly, not a whole lot to write about in regards to the juniors.
Anyways, I pay close attention to the USD for obvious reasons.
The Fed printing the inflation apocalypse aside (and, pardon me, but where is that all that inflation exactly?) the USD does not actually look bad. A number of the economic indicators are actually very encouraging, but there are people who do cover that stuff better then I. Anyways, heres the weekly chart for the USD.
I have decided to use the TSI here because it shows less lag than the RSI and shows a point more clearly that I would like to make. The initial breakthrough and testing of the 87 line was accompanied with quite a surge in the TSI and the second test, which broke the resistance line, was characterized by much less activity in the TSI, having it reside in a much more convincing area then it was when it tested (do you follow me?). May be a bit over bought, but I believe it will settle down as the support is subjected to a quick test or two before continuing up to the next test at 89-90.
The USD has looked really quite good since 2011, despite the common rhetoric of many writers, commentators and analysts. It is hitting its 5 year high and gives no reason to believe it will not push above it. Of course what do I know..the whole thing could crash and burn tomorrow..but I don't think so.