Currencies

US Dollar Taking a Turn: Quiet Pullback or Key Reversal?

From the moment US Dollar Index Futures (DX) opened this week’s trade on Sunday evening, the Greenback has been under pressure.  Coming on the heels of a historic streak of 12 consecutive weeks higher and a nominal advance of +8.25%, the last 80 hours of trade have seen USD shed…

Why The Chinese Yuan May Depreciate vs The Dollar

On January 15, 2014, the Chinese Yuan (CNY) pivoted and started to weaken against the US Dollar (USD). The currency markets didn’t appear to be concerned at the time, as it appeared to be a “normal” corrective move. However, roughly a month later, the USD-Yuan took off like a rocket…

The Best Of See It Market – September 2014

September saw the S&P 500 fall 1.77 percent… But that doesn’t come close to telling the whole story. Several assets traded to extremes and market breadth weakened throughout the month. To recap, here are a few things that dominated the headlines, and our contributors research posts on See It Market:…

Why Thursday’s ECB May Spark a Major Euro Rally

Andy Nyquist’s excellent multi-timeframe review of the US Dollar Index’s (DX) now-historic run (currently working on 12 consecutive weeks higher) notes the seasonal challenges this advance confronts as we enter the month of October. For the Euro – 56% of the US Dollar Index by weight – this couldn’t come…

Why The US Dollar Rally May Stall Out In October

The US Dollar has been on a tear lately. It’s set to close higher for the third month in a row. And not just marginally higher: the past three months have seen the US Dollar Index surge from sub-80 to nearly 86. No doubt this is strong action, and may…

3 ETFs For Trading Japanese Equities Amid Yen Weakness

There have been a couple of developments in the Japanese markets that traders are (or should be) monitoring. In the equity markets, there is a bullish consolidation pattern developing that active investors with an intermediate-term horizon may benefit from. Yet, at the same time, Japanese equities investors will need to keep an eye on…

Are Gold Prices Taking Cues From The Swiss Franc?

Three years ago yesterday, I shared a chart highlighting why Gold may underperform for years to come. The chart looked at the correlation between the Swiss Franc and Gold and how both were tagging ascending long-term resistance at the same time. The chart is shown again for your reference below….

Will September’s ECB Meeting Spark a Euro Rally?

The upcoming ECB policy meeting is arguably the most anticipated since last December’s FOMC where it was widely expected the Fed would begin tapering QE. This time around – amidst persistent signs of deflation and fresh off President Mario Draghi’s comment that “the risks of ‘doing too little’ outweigh the…