Wealth Creation Through Natural Resources
The US Dollar Index is rallying above 94.50 this morning following a very strong retail sales report. The US dollar has formed a V-bottom since briefly falling below 92 earlier in this month – a major test near the ~95 … Continued
If we could only look at one chart it would have to be the following one: US Dollar Index (Weekly) After peaking in March the US Dollar Index has spent the last 6 months consolidating between roughly 93 … Continued
Trends trend, until they stop trending, at which point they generally consolidate for some time. We have seen this recently in crude oil which experienced a very large downtrend from June through January before consolidating during the past couple of … Continued
From BAML: This is the 2nd largest quarterly gain for the US dollar since 1970 and the quarter isn’t even over!! This chart really puts into perspective the magnitude of the current US dollar rally. The first Gulf War, … Continued
The only story that matters across global financial markets right now is the parabolic ascent of the US dollar: The implications of what ‘excessive’ US dollar strength could lead to across global financial markets has created a recent environment … Continued
I was chatting with renowned technician J.C. Parets a couple of days ago for an interview that will be publish next week and he mentioned the Fibonacci cluster around 2140 on the S&P 500 as an upside target for the current … Continued