Currencies

5 Charts For Global Investors: Key Market Trends

It’s time for another set of 5 macro technical charts to watch as we move further into the month of January (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…

US Dollar Oversold, But Weakness Extends Commodities Rally

The US Dollar Index’s decline to start 2017 could prove important for the near-term, as we’ve seen a decent bounce in commodities that looks to have some trading “legs”.  On a short-term basis, that may mean further strength for select commodities in the next 2-3 trading days. The US Dollar index…

The State Of The Global Financial Markets In 5 Charts

I’m back with another set of 5 macro technical charts to watch (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review strictly looks at technical price developments.  Even if you’re not technical analysis minded it’s a useful way to keep on top of…

US Dollar Rally: Consolidation Continues Into Fed Meeting

There continues to be lots of talk surrounding the US Dollar following its incredible rally to 14 year highs off Trump’s election victory. So, where does the greenback go from here? Does the US Dollar rally have more room to run? These are questions a lot of traders and investors have…

Global Market Trends: 5 Charts Investors Need To Watch

Today I want to share 5 macro technical charts that bear importance here for the broader markets. In my chart review, I sift through individual commodities, currencies, bonds, and sectors, as well as the rest of the major indexes and benchmarks. This chart review strictly looks at technical price developments.  Even if…

US Dollar Index Overbought: Is A Recharge In Order?

The US Dollar Index (CURRENCY:USD) is starting to catch traders’ eyes again.  The recent rally has been relentless, hitting Gold and Emerging Markets over the head. However, the US Dollar rally is now extremely overbought and looks due for a pause. Using the US Dollar Index Bullish ETF (NYSEARCA:UUP) as…

A Look At The Gold (GLD), T-Bonds, Dollar Market Triangle

Over the past year, there’s been a very interesting relationship between the Gold (NYSEARCA:GLD), the U.S. Dollar (NYSEARCA:UUP), and Treasury Bonds (NASDAQ:TLT). I’ve talked about this relationship (and chart below) many times in my newsletter. There has been a relentless push into the US Dollar (via UUP below) and out…

Is The Euro About To Fall Through The Floor?

The Euro Currency (CURRENCY:EUR) Looks Vulnerable: A closer look via the CurrencyShares Euro ETF (NYSEARCA:FXE) As the U.S. Dollar continues to strengthen, we are watching to see how the CurrencyShares Euro ETF (FXE) will react to nearby support. In our main Elliott wave scenario, the chart should develop into a…

British Pound Currency (GBP/USD): A Bottom Is Lurking Nearby

The British Pound currency (GBPUSD) has been taking on water since the Brexit vote. And there has been an uptick in the amount of news and negativity surrounding the Pound. Could this ultimately lead to a trading bottom?  Time and price are agreeing that a bottom is coming soon, perhaps…

The Chinese Yuan… It Doesn’t Matter Until It Does

The Chinese Yuan (CURRENCY:CNY) or Renminbi is on the move again. But part of the reason why markets are shrugging it off is that it’s really more of a US dollar thing than a Renminbi thing as the chart below shows. The chart shows the USDCNY exchange rate vs the…