‘Dollar Update’ Archive

King Dollar could rally another 15% on breakout, says Joe Friday

joefridaykingdollarbreakingfrombullflagnov6

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The U.S. Dollar looks to have created a “Bullish Flag Pattern” with it breaking to the upside at (1). In the link just provided, the flag pattern is discussed as well as how one should calculate the “measured move” aspect of this pattern. Inset gives you an idea of what …

You only see this once every few decades!

us$yentimetodecideseeitmarketsept11

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I have enjoyed looking at charts for the past 35-years. I must say, this pattern hasn’t happened many times in the past few decades and the results should be impactful to portfolio Construction.

Continued US Dollar strength has brought its relationship with the Japanese Yen to a critical resistance point. …

World is turning to Euro during global sell off!

 

nowayeurostrongerthanus$aug24

I don’t think I will be telling you anything new when I share that a global sell off in stocks is taking place the past few days.

If I were to have shared that the Euro would be a safe haven currency last week before stocks sold off, what would you have said? Would …