This Index is Screaming a U.S. Dollar Decline

by Grayson Schultze
The Daily Bell

The dollar has an opportunity to make history. After three straight years of gains, strategists are forecasting the US currency will be a world beater again in 2016, strengthening against seven of 10 developed world peers by the end of the year. – Median estimate from Bloomberg Survey

Two data points may establish a trend. Three can confirm the trend – with a margin of error.

But what happens when six data points line up in the same direction?

It’s a full-blown, screaming signal.

While strategists at Bloomberg are optimistic about the dollar’s continued strength in the coming years, our analysis of six separate data points tells a very different story.

The six data point signal is the U.S. Dollar Index, an index that measures the performance of the dollar against a basket of six currencies – the Euro, Japanese yen, British pound, Swiss franc, Canadian dollar, and Swedish krona.

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