USD Index Surging Soon

Today we've seen that the USD has been going up and down, since I saw the latest job report that the consensus was wrong in predicting that the jobless claim would be up, I see that the US economy is recovering. Because the job creation is getting better with the QE, and the economy seems to grow better than previous 1-2 years. 

It's very nice actually to have that kind of claim, because once the workers got fired, then at least they can still eat even with others' tax. In US, people can get that kind of claim as the tax rate is very high, unlike in Indonesia. Besides of the high rate, the citizens pay taxes and the taxes paid is well managed by the government so that the government can create this kind of claim, while in the other hand, the tax officers in Indonesia aren't fully honest in managing the taxes, some of them still egoist in the tax management.

Back to the topic, why the USD will strengthened soon. Beside of the macroeconomic condition in US, the rumour that the Fed will taper QE seems to be so true and will happen very soon, which means that the government will stop assets purchases and stop the increment of money circulation in order to prevent the overheating of the economy.

While, the technical analysis shows that the DX seems to incline soon as the MACD Histogram is tapping the 3rd higher low and also there's a bullish divergence between the MACD with the price, and also the price is still inside the Darvas Box, which means that there's still no big indication of breaking up or down, but in short term, there's a strengthening possibility of USD Index (DX).

Happy Investing^^

Disclaimer ON!!!