Tag "us dollar index"

The COT Report: Stocks Overheating, Gold Oversold

The following are charts and data showing non-commercial futures trading positions as of October 3, 2017. This data was released with the October 6 Commitment of Traders Report (CoT). Note that these charts also appeared on my blog. The 4 charts below look at non-commercial futures trading positions for the S&P 500,…

A Seasonal Second Wind For The U.S. Dollar?

In this article we look at a couple of key potential catalysts that will shape the tactical view on the US Dollar Index (CURRENCY:USD) at a time when the US Dollar bull market is looking very tired. The chart in question appeared in the latest edition of the Weekly Macro Themes…

Stock Market Update: One More Push Higher?

Stock market futures traded up near yesterday’s highs this morning, a sign that bulls are defending the bears attempts at lower prices. That said, the S&P 500 (NYSEARCA:SPY) remains largely unchanged for the last couple weeks… a tough tape to trade. Bond Yields & Currencies Treasury bond yields have broken…

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…

The U.S. Dollar Trade: A Macro To Micro Analysis

Note that this post went out to my “Gone Fishing” newsletter subscribers this past weekend. After hitting a 14-year high at the end of 2016, the US Dollar (CURRENCY:USD) has lost 11% in 2017. Whether a reaction to Trump talking it down post inauguration, US real disinflation, Euro melt-up (which…

Weekly Stock Market Outlook: Is The Rally Sustainable?

In this week’s investing research outlook, we analyze the technical setup and macro trends of the S&P 500 Index (INDEXSP:.INX), check in on investor sentiment and market breadth indicators, and discuss emerging themes and news that we are watching closely right now. Here’s a summary of our findings for the week ending September 1,…

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…

Around The Financial Markets: 3 Charts I’m Watching Today

Tuesday is off and running and market participants are in a read and react mode.  The bounce is still in motion but there’s plenty of time to see how this plays out.  And plenty of variables to watch. The latest economic data:  Empire Manufacturing is showing a large beat at…