Daily Alert – Wednesday 11th August 2021: USD index hits 9 month high

Mark NugentAugust 2021, Daily Alert

Daily Alert – Wednesday 11th August 2021: USD index hits 9 month high

The US Senate has passed the Infrastructure Bill and the USD this morning has hit a high not seen since last November 2020.

US equities are mixed. WTI (oil) has moved up nicely from support. I have taken a WTI long trade last night with a big stop and an enhanced risk percentage.

GOLD has yet to fully recover from Monday’s flash crash, with no movement at all yesterday.

Other than the USD, the only other noteworthy issue with respect to currencies is that the EUR is getting close to a low not seen since March.

Later today we have the important US Core CPI print, and oil inventories.

VIP Club members can see today’s video, all brief trading videos, the Monthly and YTD Performance videos, the Trading Video Course and download the MTM Indicators software HERE