Currencies

U.S. Dollar Index Most Oversold Since 2008

Lots of indecision around the Dollar right now.  I’m honestly in the “I don’t know” camp when it comes to the current major trend in the US Dollar Index (CURRENCY:USD). For instance, did the dollar just finish a multi-year A B C upward correction and is it now headed for…

Gold / U.S. Dollar Ratio Racing To A Near-Term Peak?

Two of 2017’s major investing themes thus far are the return of Gold (NYSEARCA:GLD) and the prolonged weakness in the U.S. Dollar (CURRENCY:USD). Year-to-date, Gold is up 15.72% while the U.S. Dollar is down 9.57%.  This follows a multi-year decline in Gold and a multi-year rise in the Dollar. The…

Is This Gold Breakout For Real: Watch The Japenese Yen!

There’s been a lot of discussion recently of the breakout in gold prices. The yellow metal had been trading in a range for the last several months, seeing resistance just under $1,300/oz and support at $1,220/oz. While I do believe the breakout is encouraging and does align with seasonality for…

U.S. Equities Trading Update: Bulls Defend Support

We’re seeing some minor backing and filling today following Tuesdays’s big rally. The S&P 500 Index (INDEXSP:.INX) is giving back around 1/3 of yesterday’s gains at the time of this writing. European stocks are also trading fractionally lower despite some good economic data. The trend remains lower from early August…

3 COT Charts For Commodities Traders (August 18)

The following are charts and data showing non-commercial futures trading positions as of August 15, 2017. This data was released with the August 18 Commitment of Traders Report (CoT). Note that these charts also appeared on my blog. The 3 charts below look at non-commercial futures trading positions for Crude Oil, Gold, and…

Why The US Dollar Correction Might Be Over

The current setup in the US Dollar index (CURRENCY:USD) is rare in that a clear and logical fundamental and technical case can be made for a rally (or a move to the upside). Could this simply be a correction within an ongoing bull market for the US Dollar? At the…

Stocks Head Lower: 3 Charts I’m Watching

We are seeing a continuation of yesterday’s reversal in equities. And after the first signs of a meaningful pullback from highs yesterday, a flight towards safety and safe havens looks to have begun. This is evident with the rallies in Gold (NYSEARCA:GLD) and Treasury Bonds. Also notable in the price…

Cryptocurrency Craze: 3 Reasons Bitcoin Is Rallying

This post was written a couple weeks ago for my premium service. I think it has some interesting trading insights so I’m sharing here as well.  Note that there are 2 updated trading charts at the bottom of the post. While the Bitcoin craze means nothing to us, the chart…

The Euro Currency Correction Is Nearly Complete

The Euro (CURRENCY:EUR) has moved a bit higher than we anticipated in our June 16 post, but bears have a strong chance of countering the rally and taking the Euro currency to new lows. In fact, the current Elliott wave pattern qualifies even better as a nearly completed correction now…