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.…

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Uncle Buck at a Precarious Higher Low

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…

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Uncle Buck at Support, Reflation Trades Hang in the Balance

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…

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USD (DXY) Daily Chart and Sentiment

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…

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NFTRH+; Yields and the Macro

[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…

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Silver Aping Inverse USD, Gold Still Going its Own Way

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…

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DXY down, you know what up…

"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…

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NFTRH+; US Dollar

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…

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