us dollar index (DXY), usd

US dollar index (DXY) is also on plan

The US dollar index (DXY) is dropping toward the 50% Fib retrace level Reference yesterday’s post on USD. The next support (not visible on the daily chart) coincides with a 50% Fibonacci pullback of the entire rally, which negatively diverged the inflation trades as we had noted all along the uptrend. The next marker is the 62% Fib, which coincides with a visible support shelf … Continue reading US dollar index (DXY) is also on plan

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NFTRH+; USD (DXY) [w/ edit about the yield curve]

USD is the anti-market. It has dropped to within a whisker of the main target, which is the SMA 200 and is now bouncing. The major daily chart trend for USD is up and until/unless it breaks down below 105 this can be considered a healthy test. The bounce will either reassert USD’s preeminence in the markets or USD will fail into a future breakdown. … Continue reading NFTRH+; USD (DXY) [w/ edit about the yield curve]

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USD (DXY) nears an important target

As the global counter-party, USD’s recent failure has been the primary source of financial market cheer lately. But as usual, things are not so easy as defining a target, having an item reach that target and all’s well and good because we planned for it. What is not normal to our plan is that USD has dropped like a stone, nearly to the primary objective … Continue reading USD (DXY) nears an important target

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NFTRH+; updating the anti-markets

Anti-markets (to a seasonal rally scenario) being the US dollar index (DXY) and Gold/Silver ratio, which signal lack of liquidity when rising together and sufficient market liquidity when dropping together. USD broke down hard on yesterday’s CPI hype and this is a well deserved correction. But USD is actually ticking a minor short-term support level at 106.60. The ultimate downside target was/is the rising SMA … Continue reading NFTRH+; updating the anti-markets

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NFTRH+; Uncle Buck, daily chart analysis

USD (DXY) has pulled back to the SMA 50 (110.71), which is the first important area to watch, with short-term lateral support (110.25) just below it. USD is in an uptrend, consolidating the overbought spike in September. USD would still be in an uptrend if it were to take a big, contrarian pullback to the 38% Fib at 105. The major trend marker (SMA 200) … Continue reading NFTRH+; Uncle Buck, daily chart analysis

NFTRH+; USD, Treasury bonds & market thoughts

The US dollar broke above resistance at the 2016 high (not shown on this daily chart), dropped back to test the SMA 50, popped back above resistance, faded to test it and has now turned it to support. While doing so, it relieved some of its overbought readings. USD is the anti-market, so it is no surprise that market stress is reappearing elsewhere in stocks, … Continue reading NFTRH+; USD, Treasury bonds & market thoughts

NFTRH+; this unit may be ‘selling the news’

We have covered USD in detail. If global asset markets (and especially commodity/resources-related and emerging markets) are going to experience relief, USD will have to weaken. Uncle Buck has finally acted like the counter-party it is to inflated asset markets, after diverging upward against them for much of 2021. USD (DXY) daily head faked above and now has dropped back below the key long-term resistance … Continue reading NFTRH+; this unit may be ‘selling the news’

NFTRH+; this remains at a potential resistance area

Just an FYI companion to the general market relief bounce theme. USD is is the counter-party to bearish markets and is still at the long-term resistance zone. Doesn’t need to stop there but it sure could if SPX and others are to experience relief, perhaps on Wed. CPI. That of course would need to be a ‘sell the news’ thing for the dollar, as it … Continue reading NFTRH+; this remains at a potential resistance area

NFTRH+; USD

A quick update on the counter-party to the risk ‘on’, inflated markets. The US dollar is aloft along with the Gold/Silver ratio, which is dis-inflationary signaling and also potentially risk ‘off’ signaling. The issue being that if risk goes ‘off’ global investment/trading entities seek the liquidity of the senior (reserve) currency. USD (DXY) is just below the 50 day average, which is turning into a … Continue reading NFTRH+; USD