U.S. Dollar Could Strengthen In This Bullish Elliott Wave Scenario
In the weeks since our July post about the Invesco DB US Dollar Index Bullish Fund NYSEARCA: UUP, price has pushed through initial Elliott wave supports...
Is The Gold Rally Stalling Out In August?
Gold / US Dollar Ratio "monthly" Chart
Gold has been a peak asset performer in 2020.
And a weakening US Dollar has fueled the latest surge...
Bitcoin Top? Watch This Yearly Pivot Level!
$BTCUSD Bitcoin Chart
Bitcoin $BTCUSD is currently testing the 2020 yearly pivot points (YR1).
Last year, the 2019 yearly R1 pivot point was strong resistance and...
Stock Market Bulls Cheer As S&P 500 Hits All-Time Highs
The S&P 500 Index achieved its first all-time high (both closing and intraday) since prior to the COVID19 crash earlier this spring; it finished...
Stocks Like Mondays… and Bitcoin Rockets Higher
It was a quiet news day but Mondays don’t need news to go up.
Today’s image represents the percentage of times that Mondays have closed...
The US Dollar Stumbles While Economic Data Fumbles
The dominating themes in July were better jobs, more mobility and higher cases.
Global virus cases continue to climb, notably in emerging economies and the...
Gold Rallies Higher as Real Interest Rates Fall
Gold Market Takeaways:
Gold is more sensitive to real interest rates than currency swings.
Gold sentiment is frothy, but strong trends will provide support.
Gold has outperformed...
Is the US Dollar Nearing Bottom? Or Is It Different This Time?
US Dollar Index "weekly" Currency Chart
The U.S. Dollar ran into a perfect storm in 2020: a pandemic (Coronavirus), an easy Federal Reserve, and trillions...
Are Key Global Currencies Setting Up For Major Trend Changes?
The past several weeks have seen the US Dollar decline sharply and the Euro and Aussie Dollar rally.
These swift moves have helped push gold...
Are Investors Losing Faith In the US Dollar?
US Dollar Currency "Weekly" Chart
The US Dollar is the King of the currency markets. But recent trading patterns may be sending a warning sign...
