[Smurf1976]

Am bullish on the US Dollar for 2005 as a whole BUT:

AUD looks to have broken out to the upside. I focus on AUD primarily because: 1. Relationship to commodities and therefore world economy. 2. Easier to keep track of the fundamentals since I live in Aus.

Various gold stocks and the gold indicies have broken out too. One gold stock that I follow is up something like 30% in a couple of days whilst many others look to be breaking out on a daily chart.

Not too sure about the rest of the world but Australian oil stocks have not fallen much since the oil price peak 2004 and, depending on which stock you look at, are on the way up again. Some never stopped rising... Now, if the AUD is rising and so are the oil stocks and international gold stocks then that implies a few things about the gold and oil price. Both of these are, of course, related to the USD.

Best guess, a fall in the USD is the next move but at some point this year it might have a decent rally above recent highs. Don't take that as a recommendation though.