Oil currently sitting above 112, gold has rocketed to above $1470/oz, while the USD sinks below 75. The Euro has been on a tear, and continues its trajectory to a possible first target of 1.45 >>> second target 1.487, but will the weakness of the USD continue? 6 weeks from breaking long term support would suggest that the proverbial bottom has fallen. Marc Faber is calling for a dollar rally?
Daily Charts of the EURUSD and DXY.