DOW: falling dollar supports the stock market

By | May 14, 2015

US stock indexes traded in positive territory on Thursday, May 14 as keep coming weak macroeconomic statistics cast doubt on the possibility of a rate hike by the Fed in September. The shift of the timing of the cycle of growth, putting pressure on the dollar and improves the prospects for the economy and the corporate sector. The dollar index USDX today touched lows for five months.

Strengthening the major reserve currency of the world was one of the main reasons for the decline of revenue of major US multinational corporations in the first quarter of 2015, and is now unlikely to be a problem in the second. The Dow Jones is currently the market leader at the moment and are ready to test the strength of the historical highs. We are looking for shopping opportunities.

dow chart
Dow chart
Trading analytics

Support and resistance levels  
Support 1    18139
Support 2    18013
Current price:   18176
Resistance 1    18270
Resistance 2        –

Dow Jones (YM)  –   buy the dow jones –   Purchases, if the quotes will move up after testing support 18139. The purpose – 18350. Stop-Loss = 18013

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.

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