{"id":12572,"date":"2012-07-02T13:10:54","date_gmt":"2012-07-02T17:10:54","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=12572"},"modified":"2012-07-02T13:23:46","modified_gmt":"2012-07-02T17:23:46","slug":"dollar-tumble-currency-commodity-trades","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/","title":{"rendered":"The Dollar&#8217;s Tumble Accompanies A Host of Critical Currency and Commodity Trades"},"content":{"rendered":"<p><strong>(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. <a href=\"http:\/\/seekingalpha.com\/article\/694351-the-dollar-s-tumble-accompanies-a-host-of-critical-currency-commodity-trades\" target=\"_blank\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12574\" aria-describedby=\"caption-attachment-12574\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png\" alt=\"The U.S. dollar tumbles, validating resistance at the QE2 reference price while the short-term uptrend remains intact\" title=\"The U.S. dollar tumbles, validating resistance at the QE2 reference price while the short-term uptrend remains intact\" width=\"500\" height=\"350\" class=\"size-full wp-image-12574\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12574\" class=\"wp-caption-text\">The U.S. dollar tumbles, validating resistance at the QE2 reference price while the short-term uptrend remains intact<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>I believe this drop all but confirms <a href=\"http:\/\/seekingalpha.com\/article\/632551-the-u-s-dollar-s-rally-ends-for-now-at-its-qe2-reference-price\" target=\"_blank\">staunch resistance to further gains for the dollar index above what I have called the QE2 reference price<\/a>, the price level of the dollar index right before Ben Bernanke telegraphed QE2 at the end of August, 2010. If the dollar continues to fall from here, such a move will likely take some pressure off the Federal Reserve to <a href=\"http:\/\/seekingalpha.com\/article\/661451-yellen-s-case-for-more-easing-primes-fed-to-act-sooner-than-later\" target=\"_blank\">come up with more quantitative easing magic<\/a>. However, it is not so easy to say that the dollar will continue to plunge from these levels either. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12577\" aria-describedby=\"caption-attachment-12577\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_EURUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_EURUSD.png\" alt=\"The euro makes another attempt to break above the 50DMA against the U.S. dollar\" title=\"The euro makes another attempt to break above the 50DMA against the U.S. dollar\" width=\"500\" height=\"350\" class=\"size-full wp-image-12577\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_EURUSD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_EURUSD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12577\" class=\"wp-caption-text\">The euro makes another attempt to break above the 50DMA against the U.S. dollar<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p><a href=\"http:\/\/drduru.com\/onetwentytwo\/2012\/06\/15\/pound-surges-into-resistance\/\" target=\"_blank\">The strategy I outlined in mid-June has worked extremely well for buying dips in the British pound and selling on rallies toward the 50DMA with the U.S. dollar<\/a>. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12578\" aria-describedby=\"caption-attachment-12578\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GBPUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GBPUSD.png\" alt=\"The British pound attempts to break resistance again at the 50 and 200DMAs\" title=\"The British pound attempts to break resistance again at the 50 and 200DMAs\" width=\"500\" height=\"350\" class=\"size-full wp-image-12578\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GBPUSD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GBPUSD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12578\" class=\"wp-caption-text\">The British pound attempts to break resistance again at the 50 and 200DMAs<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The U.S. dollar&#8217;s bounce continues against the Japanese yen (FXY) with the 200DMA still providing a general uptrend for June&#8217;s bounce. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12579\" aria-describedby=\"caption-attachment-12579\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDJPY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDJPY.png\" alt=\"The U.S. dollar clings to its recent rally against the Japanese yen\" title=\"The U.S. dollar clings to its recent rally against the Japanese yen\" width=\"500\" height=\"350\" class=\"size-full wp-image-12579\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDJPY.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDJPY-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12579\" class=\"wp-caption-text\">The U.S. dollar clings to its recent rally against the Japanese yen<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The Canadian dollar (FXC) is not too informative. It has simply bounced around parity since last September\/October. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12580\" aria-describedby=\"caption-attachment-12580\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDCAD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDCAD.png\" alt=\"The Canadian dollar is likely headed back toward parity against the U.S. dollar\" title=\"The Canadian dollar is likely headed back toward parity against the U.S. dollar\" width=\"500\" height=\"350\" class=\"size-full wp-image-12580\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDCAD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USDCAD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12580\" class=\"wp-caption-text\">The Canadian dollar is likely headed back toward parity against the U.S. dollar<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Overall, on balance, it looks like a near wash of bullish and bearish forces playing against the U.S. dollar. {snip}<\/p>\n<p>Perhaps the Australian dollar is the wildcard. {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12582\" aria-describedby=\"caption-attachment-12582\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_AUDUSD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_AUDUSD.png\" alt=\"Australian dollar is looking for a catalyst to breakout of the recent two-week range. The RBA might just deliver.\" title=\"Australian dollar is looking for a catalyst to breakout of the recent two-week range. The RBA might just deliver.\" width=\"500\" height=\"350\" class=\"size-full wp-image-12582\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_AUDUSD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_AUDUSD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12582\" class=\"wp-caption-text\">Australian dollar is looking for a catalyst to breakout of the recent two-week range. The RBA might just deliver.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Finally, the plunge in the dollar just happened to coincide with other important levels in oil (USO) or (DBO), gold (GLD), and silver (SLV). {snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_12583\" aria-describedby=\"caption-attachment-12583\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USO.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USO.png\" alt=\"USO bounces sharply off October lows\" title=\"USO bounces sharply off October lows\" width=\"500\" height=\"350\" class=\"size-full wp-image-12583\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USO.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_USO-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12583\" class=\"wp-caption-text\">USO bounces sharply off October lows<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_12584\" aria-describedby=\"caption-attachment-12584\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GLD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GLD.png\" alt=\"May&#039;s retest of support remains firm for GLD\" title=\"May&#039;s retest of support remains firm for GLD\" width=\"500\" height=\"350\" class=\"size-full wp-image-12584\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GLD.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_GLD-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12584\" class=\"wp-caption-text\">May&#039;s retest of support remains firm for GLD<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_12585\" aria-describedby=\"caption-attachment-12585\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_SLV.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_SLV.png\" alt=\"SLV had a close call with critical from Jan and Dec, 2011 getting temporarily broken before Friday&#039;s sharp rally\" title=\"SLV had a close call with critical from Jan and Dec, 2011 getting temporarily broken before Friday&#039;s sharp rally\" width=\"500\" height=\"350\" class=\"size-full wp-image-12585\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_SLV.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_SLV-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-12585\" class=\"wp-caption-text\">SLV had a close call with critical from Jan and Dec, 2011 getting temporarily broken before Friday&#039;s sharp rally<\/figcaption><\/figure><br \/>\n<br \/>\nSource for charts: <a href=\"http:\/\/www.freestockcharts.com\/\" target=\"_blank\">FreeStockCharts.com<\/a><br \/>\n<\/center><\/p>\n<p>{snip}<\/p>\n<p>Be careful out there!<\/p>\n<p><strong>(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. <a href=\"http:\/\/seekingalpha.com\/article\/694351-the-dollar-s-tumble-accompanies-a-host-of-critical-currency-commodity-trades\" target=\"_blank\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Full disclosure: long EUR\/USD, AUD\/USD, USD\/JPY, USO, GLD, SLV, <\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. Click here to read the entire piece.) Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%. I believe this drop all but confirms staunch &#8230; <a title=\"The Dollar&#8217;s Tumble Accompanies A Host of Critical Currency and Commodity Trades\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[386,235,199,20,377,512,511,62,21],"tags":[308,310,128,376,28,384,200,24,536,61,65,25,354,1591,469,454,538],"class_list":["post-12572","post","type-post","status-publish","format-standard","hentry","category-australia","category-canada","category-commodities","category-forex","category-oil","category-resistance","category-support","category-technical-analysis","category-u-s-dollar","tag-audusd","tag-australian-dollar","tag-british-pound","tag-eurusd","tag-euro","tag-gbpusd","tag-gld","tag-gold","tag-oil-2","tag-quantitative-easing","tag-sp-500","tag-silver","tag-slv","tag-u-s-dollar","tag-usdcad","tag-usdjpy","tag-uso"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Dollar&#039;s Tumble Accompanies A Host of Critical Currency and Commodity Trades - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Dollar&#039;s Tumble Accompanies A Host of Critical Currency and Commodity Trades - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. Click here to read the entire piece.) Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%. I believe this drop all but confirms staunch ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-02T17:10:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-07-02T17:23:46+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"The Dollar&#8217;s Tumble Accompanies A Host of Critical Currency and Commodity Trades\",\"datePublished\":\"2012-07-02T17:10:54+00:00\",\"dateModified\":\"2012-07-02T17:23:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/\"},\"wordCount\":518,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/06\\\/120629_DXY0.png\",\"keywords\":[\"AUD\\\/USD\",\"Australian dollar\",\"British pound\",\"EUR\\\/USD\",\"Euro\",\"GBP\\\/USD\",\"GLD\",\"gold\",\"oil\",\"quantitative easing\",\"S&amp;P 500\",\"silver\",\"SLV\",\"U.S. Dollar\",\"USD\\\/CAD\",\"USD\\\/JPY\",\"USO\"],\"articleSection\":[\"Australia\",\"Canada\",\"Commodities\",\"Forex\",\"Oil\",\"Resistance\",\"Support\",\"Technical Analysis\",\"U.S. Dollar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/\",\"name\":\"The Dollar's Tumble Accompanies A Host of Critical Currency and Commodity Trades - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/06\\\/120629_DXY0.png\",\"datePublished\":\"2012-07-02T17:10:54+00:00\",\"dateModified\":\"2012-07-02T17:23:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/06\\\/120629_DXY0.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2012\\\/06\\\/120629_DXY0.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2012\\\/07\\\/02\\\/dollar-tumble-currency-commodity-trades\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Dollar&#8217;s Tumble Accompanies A Host of Critical Currency and Commodity Trades\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Dollar's Tumble Accompanies A Host of Critical Currency and Commodity Trades - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/","og_locale":"en_US","og_type":"article","og_title":"The Dollar's Tumble Accompanies A Host of Critical Currency and Commodity Trades - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(This is an excerpt from an article I originally published on Seeking Alpha on July 1, 2012. Click here to read the entire piece.) Thanks largely to the surging euro, the U.S. dollar index (UUP) took one of its nastiest one-day tumbles since last October, falling 1.3%. I believe this drop all but confirms staunch ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2012-07-02T17:10:54+00:00","article_modified_time":"2012-07-02T17:23:46+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"The Dollar&#8217;s Tumble Accompanies A Host of Critical Currency and Commodity Trades","datePublished":"2012-07-02T17:10:54+00:00","dateModified":"2012-07-02T17:23:46+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/"},"wordCount":518,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png","keywords":["AUD\/USD","Australian dollar","British pound","EUR\/USD","Euro","GBP\/USD","GLD","gold","oil","quantitative easing","S&amp;P 500","silver","SLV","U.S. Dollar","USD\/CAD","USD\/JPY","USO"],"articleSection":["Australia","Canada","Commodities","Forex","Oil","Resistance","Support","Technical Analysis","U.S. Dollar"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/","url":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/","name":"The Dollar's Tumble Accompanies A Host of Critical Currency and Commodity Trades - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png","datePublished":"2012-07-02T17:10:54+00:00","dateModified":"2012-07-02T17:23:46+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/06\/120629_DXY0.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2012\/07\/02\/dollar-tumble-currency-commodity-trades\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"The Dollar&#8217;s Tumble Accompanies A Host of Critical Currency and Commodity Trades"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/12572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=12572"}],"version-history":[{"count":16,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/12572\/revisions"}],"predecessor-version":[{"id":12626,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/12572\/revisions\/12626"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=12572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=12572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=12572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}