Currencies

Swiss Franc Testing Key Support: Time For A Bounce?

A popular Swiss Franc ETF is testing a key line of potential support. We mentioned this week in our regular #TrendlineWednesday feature on Twitter and StockTwits that many of the key trendline tests that we highlighted over the past few weeks have played out as a result of the recent bounce in stocks. Thus,…

Why Bitcoin Could Fall To $4,000 This Year

Most traders live and die with price charts. They show us where to buy and where to sell. Many times a securities price leaves us a clue on a chart as to where it will head next. Today we will look at Bitcoin and highlight its yearly price pivots. Looking…

US Dollar Index: Traders Indecisive At Key Technical Support

The following chart and data highlight non-commercial commodity futures trading positions as of March 20, 2017. This data was released with the March 23 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the US Dollar Index. For…

Gold Bulls Hope This Ratio Provides Best Message In 7 Years!

Most investors are familiar with the relationship between the U.S. Dollar and Gold. Gold bulls like a weaker U.S. Dollar as it provides a tailwind for precious metals. Here’s a prime example: Over the past 15 months, the US Dollar is down 14 percent. During that same time, Gold is…

COT Report: Is The Euro Nearing A Turning Point?

The following chart and data highlight non-commercial commodity futures trading positions as of March 6, 2017. This data was released with the March 9 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the Euro currency. For the…

US Dollar Rally May Spell Trouble For Precious Metals!

The last 14 months has seen the US Dollar Index fall nearly 15 percent (top to bottom).  Sentiment toward the dollar has turned bearish as well. From a contrarian standpoint, the US Dollar Index is nearing an oversold bounce. But could it lead to a stronger rally than expected? Over…

COT Report: Is The US Dollar Carving Out A Bottom?

The following chart and data highlight non-commercial commodity futures trading positions as of February 20, 2017. This data was released with the February 23 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the US Dollar Index futures….

COT Report: Is The US Dollar Ready To Bounce?

The following chart and data highlight non-commercial commodity futures trading positions as of January 30, 2017. This data was released with the February 2 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the US Dollar. For the…

EURO Currency Speculation Sees Record Net Longs

The following chart and data highlight non-commercial commodity futures trading positions as of January 23, 2017. This data was released with the January 26 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below look at non-commercial futures trading positions for the Euro. For the week,…