Tag "us dollar index"

Chart Spotlight: Gold / U.S. Dollar Ratio Near BIG Level

Gold bugs are beginning to stir, and for good reason. 2017 has seen domestic and geo-political tensions escalate along with a pullback in the U.S. Dollar. BUT, gold prices have yet to record a convincing breakout and still remain in a bear market. Below is a chart that gold bugs and gold…

The COT Report: 3 Charts For Commodities Traders (June 2)

The following are non-commercial futures trading positions as of May 30, 2017. Note that the data were released in the June 2 COT Report (Commitment of Traders). Below are 3 charts of futures trading positions for commodities traders, including Crude Oil, Gold, and the US Dollar. Crude oil: Currently net long 434.8k,…

3 Reasons Why I’m Neutral On Gold Prices

The iShares Gold Trust (NYSEARCA:GLD) continues to oscillate around its flattish 200-day average, frustrating bulls and bear alike. Gold prices and the Gold ETF (GLD) are most likely being held hostage by the action in Treasuries and the U.S. Dollar. Treasuries via TLT (NASDAQ:TLT) have rebounded after what looked like a false…

U.S. Macro Market Outlook: Clouds On The Horizon

On March 10, 2017, 720Global introduced the Trump Range Chart. Developed to see several different markets on one page, this unique chart provides a composite perspective of many instruments at once. Given the large post-election market gyrations across many asset classes, our concern was, and still remains, that those moves…

Currency Market “Shift” At Play? US Dollar Breaking Key Support

The US Dollar (CURRENCY:USD) has shown strength versus the Euro (CURRENCY:EUR) since 2008, with the “meat” of that strength coming in the last 3 to 4 years. This strength worked as a headwind for precious metals, emerging markets, and at times, the domestic economy. But that market dynamic is at a crossroads… and may…

Market Update: Stocks Rally But Not Out Of The Woods Yet

Market Trading Update – Friday, May 19 We’re seeing another day of bouncing in the S&P 500 (INDEXSP:.INX) and other broad equity indices. Elsewhere, European stocks are also rallying while Asia is largely mixed. The U.S. Dollar Index (CURRENCY:USD) is getting hit hard yet again vs both the Pound Sterling and…

The COT Report: Gold, Crude Oil Rally But Data Mixed

The following is a recap of the recent Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and commodity futures positions of non-commercial holdings as of May 9. Note that the change in COT report data is week-over-week. Excerpts of this…

COT Report Data (May 5): 3 Charts For Commodities Traders

The following is a recap of the recent Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and commodity futures positions of non-commercial holdings as of May 2. Note that the change in COT report data is week-over-week. Excerpts of this…

Macro Investing Trends: 5 Stock Charts To Watch Now

Market trends and rotation occur in both localized (domestic) and global markets. With this in mind, it’s important to understand that we have many investment choices across the globe… and within our own given markets that we tend to follow. Additionally, many of these markets can be used as indicators…

3 COT Report Charts For Commodities Traders

The following is a recap of the March 31 Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and futures positions of non-commercial holdings as of March 28. Note that the change in COT report data is week-over-week. Excerpts of this…