Uncle Buck eyes the 88s
US dollar (DXY) looks to long-term support in the 88s Last week we noted that USD kept a semblance of the 2021 uptrend in play by holding the February low.…
US dollar (DXY) looks to long-term support in the 88s Last week we noted that USD kept a semblance of the 2021 uptrend in play by holding the February low.…
US dollar holds a thin higher low From yesterday morning's post on USD... "Here is the daily chart’s story. USD (DXY) needs to hold above the February low of 89.68…
US Dollar clings to a higher low within its downtrend Here is the daily chart's story. USD (DXY) needs to hold above the February low of 89.68 in order to…
US Dollar drops on FOMC nothingburger With due consideration that the days immediately following FOMC's latest do-nothing meeting often swing to volatility, as if they actually did something, we note…
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…
As the US dollar bounces sentiment is bouncing with it DXY took out the SMA 200 a few days ago as the 2021 rally continues. In having cleared that moving…
Against a backdrop where Zero Hedge notes that 77% of Americans are worried about soaring inflation... Just look at the graphic in the tweet above. A big rat is…
The US dollar has taken out the daily SMA 200. It's still in a major downtrend but it's also still bouncing and therefore, capable of eliminating the downtrend. To do…
[edit] After writing the below I realize it is not making any hard conclusions and does not necessarily even know what its point is. Consider it an exercise by one…
I love the chart below, and others like it. They force me to think outside of the... ...and consider reasons for what I see. The reason gold is confounding to…
"You know what" = the vast reflated anti-USD macro As DXY retreats in pre-market (along with short-term overdone 10yr & 30yr yields)... ...it is little surprise that markets tethered to…
Considering that everything but gold is in positive alignment with the inverse of the US dollar I'd say that if USD is not THE most important signpost to the current…
DXY held the 50 day average and is bouncing from it this morning. The yellow box had identified a bounce pattern similar to the previous one from last summer. The…
As you know, our ultimate target for the 30yr yield is around 2.5%, at which point we'll come to a major macro decision point between failure and deflationary liquidation or…