I’ve displayed the Dollar Index’s dead-cat bounce on the weekly chart so that you can see it in proper perspective. Is it conceivably the start of something big? It’s too early to tell, although I’ll note that the surge failed by a whisker to push above a taunting external peak at 74.33 on the hourly chart. Look for that to happen today, but a little more will be needed — specifically, a push above another ‘external’ peak at 74.48 — to demonstrate the kind of pluck we associate with big beginnings.