Selected prices for Wednesday, April 22, 2015 at 9:55pm EST.

EUR/USD: Buy: 1.07085 - Sell: 1.07082

AUD/USD: Buy: 0.77486 – Sell: 0.77482

USD/JPY: Buy: 119.935 – Sell: 119.932

USD/MXN: Buy 15.43567 – Sell: 15.42810

Since the beginning of April the US Dollar has been stuck in the high 90s. DXY, which measures the US dollar against ten major currencies, hit the 100 mark and bounce back down on the week of April 12th – April 19th.  At the moment 9:08PST of 4/22/15 DXY is at 98.14.

The US dollar is still bullish, but DXY seemed that it hit resistance at the 100 level. It is normal for currencies or human involve indices to hit resistance or support at a psychological level such as hundreds, tens, fives, etc. Having said that, it is wise to keep an open opinion on whether the trend has stop for a reversal. If the latter is the case, then we need to ask for how long or whether a bullish trend is appropriate.

It is my own personal believe that the USD has hit a resistance point, but the bullish trend still applies. This is because the FED is still planning to increase interest rate. Which historical data has showed that and increase in interest rate creates demand for the currency. The US economy is still doing better than the European. The ECB is still implementing QE, which would end by September 2015. Japan is still under QE, which will end in 2016. The US business cycle is at it’s expansion level. This creates an increase on investments in securities and thus an increase in foreign net investment in the US, which leads to a demand of the dollar.

For the immediate time it is my believed that the DXY will linger around the 90s or higher 90s.  If not, it is going to continue with its bullish trend. For the long term time it is my believed that the US dollar would continue its bullish trends until economic indicate otherwise.

For the week of April 19 – April 26, I’m looking out for new Zeeland is going to give its CPI, RBA is going to give its CPI, China is giving PMI, German and French are also giving PMI. With this information and other inflationary information from other countries I am going to gage whether the price of goods and services are still depreciating and invest accordingly.

Total Gains for April 22, 2015: 138,000.01 an increase of 5,747 from April 8^th which was the previous post.