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
The US dollar index (DXY) is bobbing around just below the SMA 200 to open FOMC week As always, there are a lot more analytical signals in play than just a nominal daily chart. But where the chart is concerned it shows the US dollar index having dropped below the uptrending SMA 200, bounced to test the breakdown and thus far holding below it. It … Continue reading US dollar index and the 200 day moving average
I have decided to do NFTRH 696 in increments, as events unfold. In the first increment I want to note that USD and the Gold/Silver ratio are not confirming bearish as war rages and FOMC lurks (March 16). US stocks have been bouncing – in what could be a perceived flight to quality – as the balance of world markets (ex-US) drops heavily. Germany, for … Continue reading NFTRH 696, part 1
I know what NFTRH is, and it’s not for everybody. Not to come off like a wise guy, but the herd is after all, the herd for a reason. It’s time not to be herding, but that’s what most are doing. It’s just a fact of markets because most of the time players rightly herd with the trends. But in times of transition, that herding … Continue reading NFTRH 691, out now
USD index (DXY) recoils to test the SMA 50 breakdown, as expected Per NFTRH 689’s Currencies segment… “USD index dropped harder than I’d expected from the SMA 50 to just above the first support area at 94.50. Then it had an up day on Friday. Commodity currencies CAD & AUD stopped at resistance and the status remains the same. The ‘CRB to [target omitted], USD … Continue reading Uncle Buck strikes back
Will USD and the Gold/Silver ratio ride together again? [edit] With reference to the end of the post below, as several emailers have noted, Omicron is an anagram for Moronic. That sure adds to the funny factor. Maybe I knew it on a subliminal level and that’s why it cracked me up. Well, the US dollar is riding and has been riding for all of … Continue reading 2 Horsemen? [w/ edit]
USD (DXY) continues to rise as a divergence to the inflation trades Fed-stoked casino patrons (including your local writer) have been inflation trading for much of 2021, and on CPI hysterics Wednesday we find James Bullard – as if on cue – out with the rate hike tough talk, inflation trades selling the news and Uncle Buck rampaging through our long-standing first target at the … Continue reading Uncle Buck is pissed
USD (DXY) makes a 38% Fib retrace USD (futures, DXY) has been in an uptrend for all of 2021. The uptrend was birthed by the March high and subsequent higher low in May, which turned out to be the right side shoulder we then began to manage. That shoulder was to an Inverted H&S bottoming pattern with three upside objectives. #1 is being hit at … Continue reading US Dollar dings target #1, inflation trades still on
US dollar (DXY) has activated its Inverted H&S, Gold/Silver maintains its uptrend, watch silver going foward… I do not make predictions because I do not pretend to be a guru.* But NFTRH has been tracking what has been an uptrend in the US dollar for all of 2021, keeping us well aware of the potentials being realized from late summer into the fall. A higher … Continue reading US Dollar on plan, attended by the Gold/Silver ratio
The screenshot of page 1 tells it all. Well, maybe not but it’s a cool picture. This week’s report drills in depth to the macro topics that I think are most important here and now. We – not the ranting inflationist down the street – anticipated the summer cool down along with the reasons that the Fed would want such a thing. Now we are … Continue reading NFTRH 664, out now
Screenshot, inform the nice people of what can be expected in NFTRH 662. Continue reading NFTRH 662, Out Now
Per the Trade Log yesterday as I was doing some selling… Frankly, I am not in love with market risk at this time and wondering if maybe some of these Reddit style events going on (ref. AMC, etc.) are ending stages stuff. Also, yesterday’s update highlighted some negative signs by risk ‘on’ markets’ ratios to gold. Of course, the anti-market to most of the world’s … Continue reading NFTRH; If this is a double bottom…
Druckenmiller on the Fed’s excesses & USD A lot of these media stars are clowns. You know I think that because you see me make fun of them and use them as the contrary indicators they are. But Stanley Druckenmiller is different. A super analytical and low key guy. I don’t necessarily agree with the view on the USD, but as Druck says in the … Continue reading Druckenmiller Speaks
This will be telling. If you refer back to yesterday’s post, which included weekly and monthly charts, you’ll observe that this is basically it, the short-term support level standing between Uncle Buck and the launch of the next round of reflation trades. But you will also observe that support is intact until it no longer is intact. You may also want to observe the unbridled … Continue reading Uncle Buck at Support, Reflation Trades Hang in the Balance
