WEAK EURO

US DOLLAR INDEX TO STRENGTHEN

The US dollar index (USDX) is little changed from where it was in September last year. Many analysts have been forecasting its demise as a consequence of QE. But instead of going down it has now given indication that iit is going higher, at least in the short term. InvesTRAC's overbought/oversold indicator (scale 0-100) has come off the bottom and is risingat 1.1 with the Direction Indicator rising and the forecaster shows a rising trend until May 30.