The US dollar is going to break down from the wedge this morning. The green arrows show that it made a higher low and a higher high in September, keeping…
US dollar daily is in the nose of a somewhat Symmetrical Triangle just below the MA 50. MACD is turned down. US dollar weekly shows the little triangle and also…
Just another US dollar update for anyone interested. The daily support zone around 93 was also the top end of long-term support as noted in Wednesday's post. Former short-term resistance…
The US dollar has bounced back to a resistance area. There is more resistance up above from 96 to the 50 day moving average. For perspective, the monthly big picture…
Unlike 2008's hysteria, the US dollar is part of the downside, not the obvious liquidity destination (at least as implied by its price action). That role in the short-term at…
With so many former hyper inflationists now schooling us about deflation, it is only fitting that Uncle Buck continue to turn his suspect status toward bearish status. It is in…
Add the US dollar to the list of items that are in question and on the move. The green circles show the higher highs and higher lows made by USD since the May low. In June it spiked down, tested that low and then shot higher.
I find it interesting that July Payrolls was pretty decent, the US dollar firmed (apparently with firming expectations of a Sept. rate hike), some stock markets and commodities are weak…
I don't take too much of what goes on during FOMC week seriously with respect to making actionable moves. While in market management I try very hard to keep whatever…
Uncle Buck popped above key resistance at 98 the other day and unsurprisingly turned down. The thing is though, he made a higher high and at least theoretically keeps a…
I heard from a former associate who reads this site (hi Pat!) that things are continuing to degrade in the Machine Tool area. As a reminder, here is the latest…
A site reader/subscriber sent me an email with the simple subject 'Two Horsemen', with reference to the 2 riders and their current states. This prompts me to look into it.…
Uncle Buck is doing his best to not only keep the intermediate correction scenario in question, but also break its parameters. So far Unc has gotten above the MA 50…
With USD at the 50 day averages at yesterday’s close…
and the UUP ETF breaking through it today…