I say watch the stock market, U.S Dollar and commodities as indicators. We're at a critical point in the U.S Dollar. If it breaks out to the upside I think global players are still using the USD as a safe haven, factoring in further price deterioration and disregarding the monetary base spike. If it double tops here players are probably starting to price in the movement of stimulus dollars and future inflation. Watch commodities and the stock market as I believe they will price in the purchases made with these dollars (or lack thereof) before it actually occurs. If the global markets can rally with the USD foreign Central Banks must be printing like crazy.
Dollar Is Best Looker in Ugly-Currency Parade: Michael R. Sesit (Bloomberg)
US Dollar Index 15 Year (Source: Barchart.com)
Commodity Price Index/S&P 500 (Source: Futuresource.com)
