Jun 1, 2023
The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S.
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The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S.
King Dollar Attempting To Break Support, Bullish for metals!
King Dollar Attempting To Break Support, Bullish for metals!
This chart looks at the US Dollar, reflecting that it has spent the majority of the past 14-years inside of rising channel (1).
Over the past 3-years, King Dollar could be creating a series of lower highs and lower lows inside of falling channel (2). It hit the top of the channel a few weeks back, near the top of the new falling channel and some selling pressure has taken place.
The weakness in…
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Gold breaking out against King Dollar!
Gold breaking out against King Dollar!
Since 2011, Gold has been much weaker than King Dollar. Over the past 3-Years, it is attempting to change the long-term trend.
This chart looks at the Gold/Dollar ratio over the past few years. The ratio hit a low in December of 2015 and has been creating a series of higher lows and higher highs inside of rising channel (1). The ratio hit the top of this new channel at the beginning of 2018 and…
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King Dollar Creating A Topping Pattern This Week?
King Dollar Creating A Topping Pattern This Week?
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King Dollar has spent the majority of the past 7-years inside of rising channel (1), as it’s created a series of higher lows and higher highs.
The 2018 rally has it kissing the underside of potential resistance this week at (2), where it could be creating a bearish reversal pattern. This one week action has NOT changed the upward trend in King Dollar.
If it breaks…
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King Dollar Creating Double Top This Week?
King Dollar Creating Double Top This Week?
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This chart looks at the King Dollar over the past 10-years. It remains in a long-term uptrend, creating a series of higher lows and higher highs inside of rising channel (1). King$ has spent the majority of the past 3-year trading sideways between 90 and 105.
In August King$ created a weekly bearish reversal pattern and sold off a small percentage (3%). The rally over…
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Will King Dollar Squash Precious Metals Rally Hopes Again?
Will King Dollar Squash Precious Metals Rally Hopes Again?
The precious metals sector simply cannot by a break. Since peaking, gold bugs have had several rally attempts squashed. And many of them due to the strength that the US Dollar has found in the past decade.
Is it happening yet again?
For gold, silver, and the precious metals sector to rally, King Dollar need to stall out here. Looking at the chart below, the US Dollar is testing resistance at…
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Canadian Dollar Attempting Bullish Breakout
Canadian Dollar Attempting Bullish Breakout
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Since 2011, the Canadian Dollar has been hit hard, losing nearly a third of its value, while creating a series of lower highs and lower lows.
After declining nearly 30% into the lows of 2016, the Canadian Dollar has been attempting to change its long-term trend as it has created a series of higher lows inside of rising channel (2).
Over the past few months, rising…
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King Dollar Created Multi-Year Topping Pattern?
King Dollar Created Multi-Year Topping Pattern?
The currency markets often play a role in asset management for investors. And one key asset that pays close attention to the US Dollar is Gold (and precious metals). Could a near-term trend change be in store for the US Dollar… and its counterpart, the Euro? Precious metals bulls would love to see the US Dollar topping and the Euro bottoming.
In the chart below, you can see that the two…
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