Category: US Dollar
The analysis published under this category are as follows.
Tuesday, December 29, 2015
US Dollar Bull Market / Currencies / US Dollar
By: Ed_Carlson
DXY fell 0.72% last week and closed at 98.01 (below the 13-dma) after printing an engulfing bearish candlestick on Friday. 14-day RSI was unable to stay above its 20-dma during the previous week’s rally and 3-day RSI remains below 80; bearish. Not surprisingly, DXY looks similar to the pattern in TNX – the interest rate on the ten-year treasury.
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Thursday, December 24, 2015
U.S. Dollar Will be Biggest Casualty of Lower Oil Prices - Video / Currencies / US Dollar
By: Mario_Innecco
Transcript Excerpt - hi it's Thursday December 24th Christmas Eve 2015 and can be speaking about the
USDollar and how it's gonna be the biggest casualty lower oil prices and
commodity prices that we've seen for the last over 12 months you know last 18
months that will lead you know to make him in other currencies because the
dollar is the global reserve currency so one of the major while the major reason
why I think the Dalby the biggest casualty is because back in the
seventies after 1971 when president nixon to the dollar off the Bretton
Woods system with which was a Gold Exchange System gold back system in
august of nineteen seventy-one then Secretary of State Henry Kissinger he
put it to you with the saudi government
Saudi Arabian royal family whatever you wanna call it they put a deal that Saudi
Arabia which was accumulating a lot of dollar reserves and a lot of foreign
Thursday, December 10, 2015
EURUSD Final Bear Rally Leg Underway / Currencies / US Dollar
By: Austin_Galt
Price recently traded down to support outlined in previous analysis before reversing and trading higher in impulsive style. While a turn back up was expected in order for the bear rally to embark on the final leg higher, this move was on the back of the ECB announcement.
There is always a reason for a move and the market does indeed work in mysterious ways. Some will say this was just a lucky coincidence and I must admit I don't truly understand it. However, what I do understand is that I have seen this type of stuff happen on too many occasions for it to be just a coincidence.
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Friday, December 04, 2015
US Dollar Index Technical Outlook / Currencies / US Dollar
By: Austin_Galt
The US Dollar index has made marginal new highs which I believe will turn out to be a false break top. Let's take a top down approach beginning with the monthly chart.
Tuesday, December 01, 2015
U.S. Dollar Remains the reserve currency of the world for a good reason / Currencies / US Dollar
By: Bloomberg
U.S. Treasury Secretary Jack Lew spoke with Brendan Greeley on Bloomberg TV's new flagship morning program, Bloomberg <GO>. Lew discussed how government can address the lack of access to banking in the United States, financial services' rules and regulations and the benefits of Dodd-Frank.
On the IMF elevated the Chinese yuan, Lew said: "The U.S. dollar remains the reserve currency of the world for a good reason." He added: "We've also had long, ongoing discussions with China about their currency practices. They have made commitments to us that will not intervene in ways that are unfair. And those are important commitments. And they know that we're going to hold them to those commitments."
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Thursday, November 26, 2015
Triggers In US Dollar Collapse / Currencies / US Dollar
By: Jim_Willie_CB
To be sure, groups of oil rags are accumulating in the Western financial basement. They await an incident to light them on fire to produce the grandest bonfire in modern history. Many incidents, events, and decisions created the current broken untenable wrecked set of conditions that together comprise the structural breakdown, upon which systemic failure is witnessed each day. The 1990 decade saw the creation of bank derivatives, which compensated for Western bank system insolvency. It was the dirty secret in backfire from a decade of outsourcing US industry to the Pacific Rim. The refusal by Greenspan to permit a recession early in the 2000 decade interrupted a normal housing correction, and initiated another credit stimulus. The result was the 2007 subprime mortgage crisis which will forever bear the Greenspan signature. The Lehman Brothers killjob was important to force the big Western banks to share the load, to tie (lash) themselves together, and to assure the systemic failure in an inexorable march to ruin. The LIBOR rate scandal confirmed that the London hive did not produce honey, but rather scum and dross.
Thursday, November 12, 2015
USD, XEU, CRB, DBC, Oil, Copper and Gold Chartology of Deflation / Currencies / US Dollar
By: Rambus_Chartology
Tonight I would like to update some of the charts on the possible inflection point we looked at about three weeks or so ago. That possible inflection point is still gaining momentum to the downside as the deflationary environment still looks good to go. No market goes straight up or down so one needs to expect some turbulence along the way.
In order for the deflationary theme to play out we will need to see a strong US dollar which will affect the commodities complex and other important currencies of the world. Below is a closeup view for the US dollar that now shows the bullish falling wedge in breakout mode with one backtest to the top rail so far.
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Wednesday, November 11, 2015
The US Dollar Rally Could Trigger a $9 Trillion Debt Implosion / Currencies / US Dollar
By: Graham_Summers
The US Dollar rally, combined with the ECB’s policies and the Fed’s hint at raising rates in December, is at risk of blowing up a $9 trillion carry trade.
When the Fed cut interest rates to zero in 2008, it flooded the system with US Dollars. The US Dollar is the reserve currency of the world. NO matter what country you’re in (with few exceptions) you can borrow in US Dollars.
And if you can borrow in US Dollars at 0.25%… and put that money into anything yielding more… you could make a killing.
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Friday, October 30, 2015
$DXY - Cash US Dollar Index Chart / Currencies / US Dollar
By: Gary_Savage
This might be interesting. As of early this morning the dollar is forming a failed breakout. The path of the dollar was clearly down until the ECB derailed it with talk of more easing last week. Are the fundamentals starting to pull it back down again?
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Wednesday, October 21, 2015
Did USD Just Bottom? Did EUR Just Top? / Currencies / US Dollar
By: EWI
Find out free -- now, during Forex FreeWeek at elliottwave.com!
Late last week -- and then again on Monday -- EURUSD, the world's most traded forex pair, fell sharply. In fact, the euro lost almost 200 pips, or two cents, against the buck.
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Wednesday, October 21, 2015
US Dollar Key Days / Currencies / US Dollar
By: Gary_Savage
The next two days are key. If the bounce over the last three days was the start of a new daily cycle then gold will drop down into a hard daily cycle low.
If one the other hand the dollar forms a swing high today and closes significantly back below the 10 DMA and more importantly follows through to the downside tomorrow it will signal that the bounce was a counter trend move and the dollar is going to test the August lows before the cycle bottoms.
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Thursday, October 01, 2015
US Dollar El Peso Colombiano! / Currencies / US Dollar
By: Austin_Galt
It was the year 2001 when I first entered the country of Colombia. I crossed over the Rumichaca Bridge which separates Ecuador and Colombia and got the first bus of the day from Ipiales headed for Cali. I'd considered travelling overnight but had thought better of it having been warned about night time robberies along the way.
It wasn't long into my Colombian adventure when things heated up. Around 3 hours into the journey, travelling in some spectacular mountain scenery between the towns of Pasto and Popayan, the bus came to a screeching halt. That was because around five men in military fatigues jumped into the middle of the Panamericana highway pointing their guns at the bus. Here we go!
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Monday, September 14, 2015
U.S. Dollar the Most Lopsided Trade, Implications for Gold, Commodities and Stocks / Currencies / US Dollar
By: Gary_Savage
I would say without a doubt the most lopsided trade in the world right now is the long dollar trade. Virtually everyone has become convinced that the dollar is going to 110, 120 or even 160.
Folks when everyone is thinking the same thing … then no one is thinking.
So let’s take a look at this “one way” trade.
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Tuesday, September 01, 2015
What Is The Future For The U.S. Dollar? / Currencies / US Dollar
By: Rodney_Johnson
China, the biggest foreign creditor of the United States, owns a truckload of our government bonds. Over the past several weeks, it’s been selling some of those bonds to prop up their currency, the yuan. This is supposed to signal the end of the dollar. As the Chinese put our bonds out for the bid, interest rates are going to shoot higher, driving down the value of the greenback and making imports unaffordable. At least, that’s what dollar haters have expected for years.Read full article... Read full article...
Monday, August 31, 2015
The Most Important Market Chart on The Planet / Currencies / US Dollar
By: Rambus_Chartology
Sorry goldbugs, it is not the gold chart. There are a lot of opinions out there on the US Dollar. Many of them are bearish in the short medium and long term time frames.
So lets see what the Charts are whispering.
With all the volatility this week in markets around the world the US dollar made an interesting move. The long term daily chart below shows the five point rectangle, at the bottom left hand side of the chart, that launched the big breakout and impulse move higher in May of 2014. If you look at reversal point #5 with a question mark on it you'll see the comment I made at the time which I noted, this could be a false breakout to the downside and we might see a big move in the opposite direction, which was up. Keep in mind the chart was much bigger back then and the false breakout also looked much bigger. As you can see that indeed was a false breakout to the downside which led to the impulse move up we found ourselves in until the US dollar topped out earlier this year and has been building out the next consolidation pattern.
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Friday, August 28, 2015
Is this it for U.S. Dollar Bulls? / Currencies / US Dollar
By: Ashraf_Laidi
US dollar bulls couldn't have asked for a better scenario -- Just as the USD index (basket of 6 currencies largely weighed vs EUR) was about to test a 3-month trendline support, the currency recovers. And just as EURUSD had broken above its 200-DMA for the first time in 13 months and above its 55-WMA for the first time in 12 months in a matter of 4 days, the single currency crashes back below these key levels later in the same week. But CAD, AUD, NZD and NOK have all outperformed USD thanks to a broad bounce in energy.
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Tuesday, August 25, 2015
Liftoff Setback Leads to U.S. Dollar Pullback / Currencies / US Dollar
By: AnyOption
The US dollar has experienced a tremendous rally over the last year as the end of quantitative easing and prospect of interest rate normalization led to upside momentum in the currency. Expectations were largely set for a September rate hike with many FOMC voting members forecasting two rate increases before the end of 2015. However, with recent inflation data and the growing emerging market turmoil, the Federal Reserve might be forced to hold off with its most well intentioned plans, sapping downside strength and building the case for a deeper technical pullback in the US dollar index.Read full article... Read full article...
Saturday, August 15, 2015
The China Dollar Shot Not Heard Around the World / Currencies / US Dollar
By: Peter_Schiff
China's recent move to devalue the yuan has sent shock waves through the global financial markets and has convinced most observers that a new front in the global currency wars has begun. The move has caused many observes to envision a new round of competitive devaluations around the globe in which the race to the bottom will intensify. In this scenario they envision that the U.S. dollar will solidify its standing as the only strong currency. This misses the point entirely.
Friday, July 24, 2015
USD Index Rebounds / Currencies / US Dollar
By: Nadia_Simmons
Earlier today, the U.S. Department of Labor showed that the initial jobless claims in the week ending July 18 dropped by 26,000 to 255,000, beating analysts' expectations for a 1,000 drop. In this environment, the USD Index bounced off session's lows and came back above 97. What impact did this move have on the euro, pound and Swiss franc?
Wednesday, July 22, 2015
US Dollar Breakout / Currencies / US Dollar
By: Ed_Carlson
The previous Friday's expected cycle low was successful in starting a rally last week in which the US Dollar had its best week since May. DXY gained 1.89% to close at 97.99 above the June 1 high and printed an engulfing bullish candlestick on the weekly chart.
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