The US Dollar index bounced and flopped below resistance and is now testing not so compelling support again. The March low was a negative place
Tag: US Dollar
Uncle Buck is Bouncing But Not Bullish
US dollar index daily and monthly charts DXY continues to bounce but cannot be called bullish because… It marked a lower low to June 2019
Relax Uncle Buck, Have a Banana
As this screwed up nation inflates its way out of its economic problems (COVID-19 was a trigger, not a cause) amid the realization by more
NFTRH+; USD Index & Copper Futures
Well if this is not a decision point I don’t know what is. USD index is making a hammer candle right at the last ditch
USD is Tiring; Bananas for All?
The US Dollar index is slipping further below the 200 day average (orange) and associated resistance. The forces of reflation take the upper hand again
Uncle Buck, Do or Die
I get so carried away with indicators and ratios that sometimes I forget to just take a look at the simple stuff. Well, here is
Gold/Silver Ratio: Slowly I Turn
Slowly the Gold/Silver ratio continues to turn; and step by step, inch by inch… The GSR even has a symmetry thing going on here as
Only 1 Horseman Currently Riding
The Gold/Silver ratio has been spiking upward while the US dollar (UUP shown in the bottom panel) has been pulling back. In that respect this
Uncle Buck Failing
USD is a foil to the macro party. The US Tweeter-in-chief, global stocks (generally speaking), commodities and resources and during this holiday muted trading season,
Updating the Reflation Bounce
The president announced he is imposing tariffs on currency manipulators (which is a way of saying all nations with paper currency) and talked the USD
Uncle Buck Still on Trend
As the US dollar pulls back, it is interesting that gold is flat and Treasury bonds are also pulling back. These are the forces of
Currency War to Bring Anti-USD ‘Inflation Trade’?
Gold is the leader. The playbook calls for it to bottom amid deflationary pressure and lead everything else up into the next inflation. Gold>Silver>Miners>Commodities>Stocks… or
Uncle Buck Bull Flag Breakout
Well, the USD bull fund UUP at least, is breaking out of a bull flag. The Fed is docile, the 2yr yield is trending down
NFTRH; Au/USD Pair, (live) Daily Chart Status
So from the previous big picture post (public) let’s dial in now to a little daily (live) picture of spot gold’s pair against the US