I'm throwing this up for discussion. The three key areas of the chart seem to show that a fall in the DXY is followed by sound recoveries in the S&P500.
Be careful though, because I'm NOT saying that the weak DXY causes the S&P to rise like a phoenix.
It's a community so I welcome different perspectives on this.
Of course I've been shouting about Gold and Cryptos before. Why? Why?... some people wanna know what's going on. (TURN UP volume on speakers. Microsoft updates caused a problem)
I posted on the big de-dollarisation war that was happening in the background months ago. I was also looking at the 'war index' in Lockheed Martin.
The smart money has already moved...
Yep - 25th July 2016 - I was asleep. So I missed my chance! LOL. If I had bet on the USD against the Argentine Peso going long, I would probably now be sunning out somewhere in the Maldives instead of hanging out on Tradingview! Chuckle chuckle!
I'm throwing this educational post up, only because I wanted to show that there are so many opportunities out there,...
Scallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over.
The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't...
Is it time to short the dollar at the supply zone? well, from a fundamental perspective, the dollar is still king. The fed still looking likely to hike interest rates and the economy is still on track. Compare the US economy with recent Japan GDP figures, uncertainty around Brexit and Italian budget worries and you'll see that it's not a wise move to...
Yes - of course some will know about credit transfers of solid Gold. But the latest stuff is bigger! Some very clever people have found a way to transfer solid gold in more than just 'credit', by very robust electronic means. In other words wherever you are in the world you can ask for your solid gold and it will be sent to your hands! Ain't that crazy!? You can...
In this screencast, I'm looking ahead for potential moves, possibly south in the US-Dollar. This is about preparedness.
In the video I explore emerging geopolitical and macroeconomic issues that are taking place.
The US-Dollar strength has big influence at this time on:
2. Metals - especially Gold and Silver
4. Stock markets in the US and...
In the screencast I start off with the USDollar index and look at the Yen.
The US Dollar strength affects 'everything': forex markets, stock markets, and commodities. There are inverse correlations.
Most of the times the DAX doesn't like a strong Euro, Wall Street doesn't like a strong Dollar, and the NIFTY doesn't like a strong rupee. There are reasons for...
In this video I explore how the US Dollar strength affects stock markets and the EURUSD.
When I was very new to trading I had not known about all this - and late in the game I wished that somebody would have told me sooner.
Shorter term bounces of the US dollar can cause traders to exit positions too soon.
Around this time day traders could find that...