Category: US Dollar
The analysis published under this category are as follows.
Saturday, January 27, 2018
US Dollar Shocker Plus Gold’s Mutiny Equals Epic Opportunity / Currencies / US Dollar
By: P_Radomski_CFA
In yesterday’s alert, we wrote that the situation could change quickly and that in such a case, we would send another alert. Six minutes after yesterday’s opening bell, we already posted the second alert. And for a very good reason. The USD Index took a deep dive and metals were not even close to reacting in a normal way. They were actually a bit lower. We know an extremely bearish signal when we see one and that was definitely the most bearish development for the PMs that we’ve seen this year.
Let’s take a look at what happened. This time we’ll start with the short-term USD Index chart (charts courtesy of http://stockcharts.com) as we want to show you the action of yesterday’s session.
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Saturday, January 20, 2018
Has the U.S. Dollar Bottomed? / Currencies / US Dollar
By: Donald_W_Dony
Following the January 04, 2018: Market Minute titled: U.S. dollar weakness provides short-term lift to commodities, the $US has been declining for the last four weeks, much to the benefit of many commodity prices and gold in particular.
Since mid-December, the $US has fallen about four percent and gold has advanced over seven percent.
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Monday, January 15, 2018
Will USD Fall to New Lows in 2018? / Currencies / US Dollar
By: Submissions
Markets are starting to return to full strength again, now that the holiday period has officially come to a close. The next moves in the US Dollar Index (DXY) could be significant in terms of their possibility to define the broader market trends seen for the remainder of this year. As we will see here, this did happen in 2017 and this does match the historical averages that develop in the USD when its value is compared to a basket of heavily traded currency counterparts.
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Thursday, January 11, 2018
US Dollar Could See Further Declines in Forex Markets / Currencies / US Dollar
By: Submissions
The US Dollar has had a tumultuous period over the last year, as optimism and pessimism have vied for broader control in the foreign exchange markets. Rallies in the stock market have emerged as the major victor, however, as investors seem to be reading the pro-growth agenda put forward by the Trump administration as a better precursor for improvements in corporate earnings (rather than in the US Dollar itself).
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Thursday, November 30, 2017
US Dollar Index Monthly Chart / Currencies / US Dollar
By: Austin_Galt
5 point broadening top in play with recent low at 91.01 likely the point 4 low. If correct, price now headed to point 5 high. Could even develop into very bearish 7 point broadening top in time.
Recent low around support from the 88.6% angle of the bullish Fibonacci Fan and the 76.4% angle from the bearish fan. Next resistance likely to be around the 88.6% angle from the bearish fan.
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Thursday, November 30, 2017
Three USD Markets Point One Way! / Currencies / US Dollar
By: Enda_Glynn
Hi everyone,
We got an indication today of how much the idea of Bitcoin has penetrated society.
FOMC member Dudley says that the Fed is starting to think about its own digital currency.
I found that ironic,
Seen as the lions share of FIAT currency itself is digitally generated
through credit emission in the banking system and monetized government debts!
Simply put;
The USD is the biggest digital currency, and it dwarfs bitcoin by several orders of magnitude.
It seems that the FED itself does not realize its own game.
Monday, November 06, 2017
The US Dollar Reports of its death have been greatly exaggerated / Currencies / US Dollar
By: Plunger
In deference to Mark Twain, I will review the USD, general stock market, precious metals, the electric metals and various other topics. In the past two weeks Rambus has been so prolific with such high impact charts that I find it a challenge to offer value added material so I offer charts with some different perspectives.
USD-No I Am NOT Dead Yet!
Currencies tend to be a very emotional subject. I try to be objective when analyzing them, sticking to the language of the market and it’s message. It is always important to guard against the gold bug narrative, it can even influence our views of currencies. Demanding posts insisting the USD is toast and immediately headed towards history’s ash heap seem closely related to this gold bug narrative. The USD has spent the first 8 months of 2017 in a well defined downtrend, however it does not appear to be in a death spiral. Actually the shouting and insistence that it must continue down has been a fairly predictable sign that its move downward was reaching its limit. The dollar may have now completed a base and is set to continue its move higher. This is not dogma as it could reverse downward, but for now it’s making all the right moves if the trend is higher.
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Tuesday, October 31, 2017
US Dollar Breaks Out / Currencies / US Dollar
By: The_Gold_Report
Technical analyst Clive Maund discusses the outlook for the dollar, euro and precious metals sector after the predicted major dollar breakout occurs. Yesterday saw one of our most important predictions become reality—the dollar broke decisively out of its Head-and-Shoulders bottom. We can clearly see this breakout on the latest 6-month chart for the U.S. dollar index shown below. Fundamental reasons for this are believed to include the current (weak) trend to higher rates in the U.S., and perhaps more importantly, the euro starting to unravel if Catalonia succeeds in its push for independence from Spain. Whatever, this chart says the dollar index is going to advance to our target in the 97 area.
Sunday, October 29, 2017
Learn Why Axel Merk Sees Problems Ahead for the US Dollar… / Currencies / US Dollar
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Axel Merk, president and chief investment officer of Mark Investments, and author of the book Sustainable Wealth. Axel is a highly sought-after guest at financial conferences and on new outlets throughout the world, and it's great to have him on with us again. Axel, thanks for joining us today.
Axel Merk: Good to be with you.
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Tuesday, October 17, 2017
USDCHF Is Now In Uptrend From 0.9420 / Currencies / US Dollar
By: Franco_Shao
USDCHF recently broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 0.9420 had completed at 0.9836 already. Near term support is at 0.9704, a breakdown below this level could trigger another fall towards 0.9564.
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Tuesday, October 17, 2017
USD Intermediate Cycle update / Currencies / US Dollar
By: SurfCity
I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24.
If I am correct, we are on day 1 of Trading Cycle #2 and this also means that the USD has found its longer term 5-6 month Intermediate Cycle Low (ICL) back in early September near the 7 month mark. My first chart is a close up daily that shows the price action.
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Monday, October 02, 2017
The Fed’s Tightening Because the US Dollar Is in Big Trouble / Currencies / US Dollar
By: MoneyMetals
Mike Gleason: It is my privilege now, to welcome back our good friend David Morgan, of The Morgan Report. David, it's always a real pleasure to have you on with us. How are you, sir?
David Morgan: Mike, I'm doing well. Thank you for having me.
Mike Gleason: Well, first off, let's discuss what's been driving the recent pullback in your view. Gold was over $1,350 not too long ago and is now is decisively back under $1,300, as we're talking here on Wednesday afternoon. Silver has pulled back, and is moving toward the lower end of its year-long trading range, and has a 16 handle, once again. So what do you make of the recent market action, and what's behind it David?
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Thursday, September 28, 2017
A New Challenge to the US Dollar / Currencies / US Dollar
By: John_Browne
In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil to gold, and more importantly a linkage between the Chinese currency and gold. While the contract volumes that will be traded on this new platform will certainly be minuscule in comparison to those in the dominant markets of New York and London (at least initially), I believe the move is the latest, and perhaps most significant, step that China has taken down the path that could lead to a global economic system that is not fully dependent on the U.S. dollar. The move amounts to a direct challenge to the dollar's privileged reserve status and could threaten U.S. dollar price erosion.
Monday, September 11, 2017
USDJPY Broke Below 108.13 Key Support / Currencies / US Dollar
By: Franco_Shao
USDJPY recently broke below a major support level at 108.13, indicating that the sideways movement in a trading range between 108.13 and 115.50 is complete and the downtrend from 118.66 has resumed.
Monday, September 11, 2017
The Big Unwinding / Currencies / US Dollar
By: Submissions
Below is $USDJPY weekly, with $GOLD:$USD in the background. I am using $USD as the denominator for consistency.
Comments:
1. $USDJPY and $GOLD:$USD are inversely correlated
2. The long super cycle for $USDJPY is 180 months (or 15 years) low to low, and the half cycle harmonic is 90 months, low to low.
3. The long super cycle low bottomed in 2011, and its next low will be in 2026/27, which also coincides with the 5th K wave peak in commodities.
4. The 90 month half cycle also bottomed in 2011, with the 15 year super cycle. The next half cycle low will be in first half of 2019, followed by 2026/27, with the 5th K wave peak in commodities.
Saturday, September 09, 2017
Debt Ceiling Capitulation Spells Trouble Ahead for the Dollar / Currencies / US Dollar
By: MoneyMetals
“Frustration” no longer adequately describes what reformers in Congress – along with millions of investors and taxpayers who voted for reform – are feeling. For many, hopelessness is beginning to set in on the prospects for tax, budgetary, and monetary reform following Wednesday’s GOP capitulation on the debt ceiling.
Democrats shamelessly exploited the Hurricane Harvey disaster to couple the $7.85 billion disaster aid package with demands on unrelated issues in the budget. Congress didn’t pay for the bill with offsetting spending cuts, as the Club for Growth and other fiscal conservatives had urged.
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Wednesday, September 06, 2017
US Dollar Crashing, Gold Soars: Justuce at Last! / Currencies / US Dollar
By: The_Gold_Report
As the North Korean crisis escalates, Tom Beck, founder of Portfolio Wealth Global, discusses the rise of gold and other metals.
North Korea fired a ballistic missile over Japan last Tuesday, sending gold to its highest level in 2017. Last month, we told you that Ray Dalio, the world's largest hedge fund manager, suggested holding up to 10% of your portfolio in gold, warning of rising risks.
It's time to effectively prepare for the best buying opportunities.
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Thursday, August 31, 2017
Are You Ready to Profit From the US Dollar Collapse? / Currencies / US Dollar
By: Graham_Summers
The US Dollar collapse has already triggered a major move in inflation plays.
To whit, Gold has broken its SEVEN-YEAR downtrend.
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Wednesday, August 30, 2017
The Coming US Dollar Collapse and How It Will Impact Portfolios / Currencies / US Dollar
By: Graham_Summers
Yesterday we talked about the US Dollar ($USD) dropping below critical support.
By quick way of review, here’s the key chart. As you can see, the $USD staged a large bull market run in 2014 as the Fed wound down its QE program. The greenback was then range bound for three years until this month when it broke down in a big way.
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Tuesday, August 29, 2017
USDJPY Is Facing Major Support At 108.13 / Currencies / US Dollar
By: Franco_Shao
USDJPY moved sideways in a trading range between 108.13 and 115.50 for several months and is now facing the previous low support level at 108.13 once again.