‘Dollar Update’ Archive

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 …

King Dollar could be creating unhealthy bearish pattern!

dollarformingbearishdescendingtrianglepatternjune29CLICK ON CHART TO ENLARGE

The current news addiction of late revolves around Greece, closely followed by how the Euro will react this situation.

Taking a step back from the Greece noise, I wanted to take a look at the price action of the US$ over the past few months.

The US$ looks to have …

US Dollar forming a bubble?

usdollarbubbleatlongtermresistancejune17CLICK  ON CHART TO ENLARGE

The US Dollar’s strong rally that started last July hit a resistance line, that dates back to the 1980’s, which so far looks to have stopped its strong upward progress.

Has the US$ formed a bubble? Humbly, I don’t think that is the issue. What the US$ does at this …