Bob Hunt -
Inside Futures - Fri May 24, 9:41PM CDT
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness....
The US Dollar has remained strong if only by default as the Japanese Yen may see further downside targets. The US Dollar has typically an inverse relationship to the Gold market, so often times traders may monitor the dollar to determine the pressure on the Gold.