Dollar Still Set Up?

November 28, 2001
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

The dollar sold off on Wednesday but still looks constructive longer-term.
With that said, the
December Japanese Yen
(
JYZ1 |
Quote |
Chart |
News |
PowerRating) still looks like the most vulnerable inverse
currency. Don’t be a hero though, wait for signs of a reversal.