I’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work. Instead, the US Dollar Index DXY is holding steady. Dollar-yen is refusing to roll over. And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals. Stock market bulls don’t seem to care about the...
I’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work. Instead, the US Dollar Index DXY is holding steady. Dollar-yen is refusing to roll over. And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals. Stock market bulls don’t seem to care about the...
I’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work. Instead, the US Dollar Index TVC:DXY is holding steady. Dollar-yen is refusing to roll over. And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals. Stock market bulls don’t seem to care about...
I’d expect the US dollar to break down as stock market bulls rush to put their greenbacks to work. Instead, the US Dollar Index TVC:DXY is holding steady. Dollar-yen is refusing to roll over. And risk-on commodity currencies – the Australian, Canadian, and New Zealand dollars – are failing to trigger buy signals. Stock market bulls don’t seem to care about...
Traders: Track a September contract breakout above 494.5. A decisive close above that level sets a rough target of 600 (shelf of former highs from last year). I’ll pass since I don’t trade lumber. (I like the bullish divergence forming on the 14-day RSI, though.) Whether you trade the futures contract or not, a rally for lumber is a rally for homebuilders and...
Risk assets are taking a hit. The major equity indexes are seeing red. Crude oil is slipping below eighty bucks. And gold is failing at new all-time highs. Perhaps the markets are navigating the summertime blues – a tune base and industrial metal investors have been humming for months. Dr. Copper is living up to the trading adage that from failed moves come...
The Dow Jones Industrial Average just had its highest weekly closing price in history. Meanwhile, this week we also saw the highest reading of NYSE stocks above their 200 day moving average during this entire bull market. Do you know how many times we saw a new 52-week high for the Dow in 2021 along with these breadth readings also hitting new cycle...
The path of least resistance leads lower toward 102.50 on a daily close below the springtime pivot lows. A decisive DXY breakdown to fresh multi-month lows flashes a sell signal and gives bull market stragglers the green light. Perhaps a weaker dollar isn’t necessary for the US stock rally, at least for now. Nevertheless, today’s equity market headwinds will...
Market is very good so don't miss the chance of getting on the corrections before impulses happen.
The dollar remains the strongest currency in the world and I think every correction is a chance to join the uptrend.
Buy Bitcoin after Christmas guys, I believe thats when all investor will be back to the market after the holidays
USDJPY is moving exactly as I analyzed it to move, move downwards is expected!
I still remain bearish on EURUSD has I have been the past few weeks, will it go to my destination? Only the market will tell. Trade safely.
Gold seems to be consolidating with the momentum of going up, trade safely.
EURUSD will continue to fall as I had said a few weeks back. Trade safely.