Doing Nothing is Doing Something!

At least if you and/or your money reside in the US.
Forget stocks, forget bonds, forget commodities, the tale that is about to be told is all about currencies. We have actually had a significant whipsaw move in the US Dollar in the last year, which has been destabilizing, even though the net movement is modest. That is about to change. USD Index is short-term oversold, actually sitting just BELOW support, with momentum diverging. I am looking for an explosive move higher, once it turns. This may be bearish for stocks and gold, but the real action will be the currencies with the Euro, British Pound as well as the Canadian Dollar all taking a hit. Here is the picture: