What does a weak $ mean for industry groups historically? No surprise materials are improving given history of relationship. We're still bullish on them. pic.twitter.com/UbLIZBt8oc — RenMac: Renaissance Macro Research (@RenMacLLC) July 29, 2020 Today’s Chart of the Day was shared on Twitter by Renaissance Macro Research (@RenMacLLC). Yesterday, we highlighted the US Dollar and the […]
Chart of the Day – Tuesday, July 28th, 2020
The US Dollar Index declined yesterday for the 7th day in a row, at its lowest level since September 2018. $USD pic.twitter.com/6VLwzpQpMm — Charlie Bilello (@charliebilello) July 28, 2020 Today’s Chart of the Day was shared on Twitter by Charlie Bilello (@CharlieBilello). It’s a daily candlestick chart of the US Dollar Index ($USD) over the past […]
Chart of the Day – Friday, October 18th, 2019
This rally in the dollar $DXY over the past year has been incredibly weak. We've now set 7 small and failed higher highs, this is usually a sign to look lower, even after the recent dip. The macro case to be bullish DXY is well known, but price suggests a deeper washout is ahead pic.twitter.com/1WcvErMulJ […]
Chart of the Day – Wednesday, July 31st, 2019
Today’s Chart of the Day was shared on Twitter by Jeroen Blokland (@jsblokland). It’s a chart of the US Dollar Index ($DXY) breaking out to a two-year high today after the Federal Reserve announced their decision to cut interest rates by 25 basis points. For those unfamiliar with the US Dollar Index, it’s used to […]
U.S. Dollar at a Key Inflection Point
The U.S. Dollar has been in focus for a lot of traders and analysts lately. It broke out to a new 52-week high at the end of May but since then, has pulled back rather sharply. It’s been in a healthy uptrend for over a year, as it’s traded above a rising 200-day moving average. […]
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