…an independent advisory firm building wealth with active portfolio management

US Dollar finds support at 200dma

The S&P500 is negative for the year and below its 200 day moving average (dma).  After a weaker than expected stimulus announcement from the European Central Bank (ECB) the US Dollar dropped significantly but has found support at its 200dma.

Expect switchback volatility until after next week’s meeting of the Federal Reserve FOMC.

will US $ hold at 200dma 151209

——————————————————————————

Listen to the Wealthsteading Podcast to receive updated market commentary:

www.wealthsteading.com

The 10 Wealth Building Principles can be heard at:

http://www.wealthsteading.com/category/wealth-building-principle/

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty, Life, History

——————————————————————————

 


Posted

in

by