Why understanding the $US is Key.U.S. Dollar Currency IndexTVC:DXYTheElliottWaveLabIn the 1970's, as we all know, President Nixon took the Dollar off the Gold standard. Under Bretton Woods, currencies were fixed to the dollar, and the dollar to gold. After 1971: -Major currencies began to float freely. -Exchange rates became market-determined. Impact: -Increased currency volatility. -Growth in forex trading. -New opportunities for hedging and speculation. Since then Money supply growth has accelerated. The Dollar has been used widely since then. In fact the Dollar is the Standard of measuring all currency indexes. More like the SI Unit of the Market. This speaks volumes in terms of the Global Financial Market. Understanding what the Dollar is likely to do is Key. Elliott Wave comes in where mapping out Market Structure is required. Elliott Wave comes with a long term perspective in mind-- you can 'peep into the future' by knowing what the Dollar might do in the coming Weeks or Months. This helps to align yourself to what the Market is saying. This is outside the usual noise that comes from News and ever-shifting Perspectives in the Stock Market. You can stay ahead of the News. Even for short-term Traders, keeping the bigger picture in mind and aligning your your investments to this is Crucial. There will always be News, There will always be Uncertainty. When I look at this Weekly Chart, I do not see News, I do not see Uncertainty. I see the Market expressing itself outside the Noise and that, that is what you should focus on!