‘Dollar Update’ Archive

King Dollar- Bullish reversal pattern last week, follow through happening???

This 5-pack looks at the US$ and several currency ETF’s that seem to highly influence commodity prices CLICK ON CHART TO ENLARGE Last week the US$ was testing 1-year falling support above (lower right chart), where it might have created a bullish reversal pattern (bullish wick) at this support line. Let me make this clear, […]

King Dollar/Yen could break down, send risk off message to stocks

CLICK ON CHART TO ENLARGE Sometimes currency price action can be very helpful, when it comes to whether one should own stocks or not. The US$/Yen has been correlated with stocks fairly well over the past few years. As the US$/YEN was hitting highs over the past year, stocks followed right along with it. Potential […]

Gold/US Dollar experience “Death Cross” & support break this week!

CLICK ON CHART TO ENLARGE The above chart looks at the U.S. Dollar/Gold ratio over the past 25-years. From 2001 to 2011, the ratio headed sharply lower, reflecting that the US$ was much weaker than Gold for almost a decade. Starting in 2011, the ratio has turned up, reflecting that the US$ has been stronger […]