Based on the so called fundamentals that we have been experiencing during these tough economic times, we should see a rise in the US Dollar. This is based on a few things, so let me explain it for any of those readers that are new to the blog. First, every time there is some sort of rally in the stock market, people seem to dump the US dollar. It’s been a correlation that has been going on for some time now. Futures are already up significantly this morning for the Dow Jones and S&P 500, so I assume that the dollar will take a dip.

Commodities are also showing strength, which is obviously another reason why the US dollar would dip. Both gold and oil are up. Basically, I’d expect the US dollar to have a pullback today.

Remember, the information I’m giving you here today is purely for educational purposes only. Just watching the market as a non-participating observer should demonstrate what I’m saying, but like any market there is no guarantee of the outcome.