Tag "us dollar index"

S&P 500 Trading Update: Stocks Stall, Upside Limited

S&P 500 Trading Outlook (1-2 Days): MILDLY BEARISH  Tough call here on a 2-3 day basis as US equities have been sideways for five days. That said, bond yields are breaking out around the globe and Technology continues to underperform. Many cycles pinpoint mid-June as being important, which i believe should…

U.S. Market Update & Outlook: Dollar Holler Hits Gold

We are seeing some minor weakness in U.S. stock market futures while most of Europe and Asia are mixed. US Treasuries are holding steady, while most of Europe has begun to rally and bounce back after yesterday’s bond weakness. So some spread widening continues. The U.S. Dollar is still pressing…

COT Report: U.S. Dollar Rally Runs Into Key Resistance

The following chart and data highlight non-commercial commodity futures trading positions as of May 8, 2018. This data was released with the May 11 COT Report (Commitment of Traders). Note that this chart also appeared on my blog. The chart below looks at non-commercial futures trading positions for the U.S. Dollar. For the…

U.S. Dollar Trying to Flex It’s Muscle vs. the Euro

After a couple years of gloom, the U.S. Dollar is setting up for a nice rally. And this could spell trouble for the Euro. The buck stops here!  As the reserve currency, the U.S. Dollar wields some power in the currency market. And a strengthening dollar will likely put more…

U.S. Dollar ETF (UUP) Attempting To Break Out

The bullish scenario that we described in January for the U.S. Dollar seems to be kicking in. This post offers an update for the Power Shares DB U.S. Dollar Bullish ETF (NYSEArca: UUP) with preliminary upward targets. Earlier this year we were watching for the completion of a five-wave structure…

Macro Outlook: Are Corporate Earnings Peaking?

The following article is a part of my Gone Fishing Newsletter that I provide to fishing club members each week to identify macro inflection points and actionable micro trade set-ups.   Reflections and Inflections The daily island reversals on the SPY QQQ and IWM on Tuesday April 17 (think SPX $2717) led…

U.S. Dollar Index Looking To ‘Buck’ The Trend!

The U.S. Dollar Index looks poised to end the relentless selling investors have seen over the past several months. And based on the chart below, the Dollar could be setting up for a nice rally over the coming weeks. So what would make the buck so bullish? King Dollar Attempting…

5 Macro Themes: China, Inflation, The Dollar and More

Here’s a brief preview of the topics and charts covered in the latest edition of my Weekly Macro Themes report. There’s a lot going on across the financial markets and asset classes right now. Note that you can stay up to date on macro investing themes and trends (both technical and fundamental) through my…

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…