Tag "us dollar index"

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…

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…

Emerging Markets and U.S. Dollar At Important Crossroads!

The Emerging Markets (NYSEARCA:EEM) have long benefited from a weaker US Dollar (CURRENCY:USD). This makes sense as a majority of the world’s debt is issued in US Dollars and commodities, a key export of Emerging Markets, tend to receive a tailwind when the buck is headed lower. The heyday of the…

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…