I have been calling for a stronger US dollar for a while now with a target of 96.00 on the US Dollar Index. I’m going to back off from that call for now due to the moves we have seen since the Jackson Hole speech.
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What does ‘up’ mean? When have prices changed direction? What is an uptrend? When is the trend over?
At the moment, though, investors who love small-caps might wonder why their favourite playground on the ASX is so eerily quiet.
At time of writing, the share price of the big three iron ore miners are all up, with BHP Group [ASX:BHP], Rio Tinto [ASX:RIO] and Fortescue Metals Group [ASX:FMG] all tacking on 2–3% today.