The CRB index has been trending lower since late May. It fell nearly 10% to retrace 50% of the rally come June 2017. This Great Graphic shows the 4 1/2 month trendline. It had been violated in late August but fell back under it at the end of last week. On Monday, it gapped higher, …
The US Dollar Index has been trending higher since early May. This Great Graphic, created on Bloomberg shows, that it has been successfully tested several times. It appears set to be re-tested in the coming days. It comes in near 94.80 today and rises a little more than two ticks a day to finish the …
Great Graphic: Nearly Five-Month Uptrend in the Dollar Index Set to be Tested Read More »
Our underlying constructive outlook for the US dollar remains intact. It is broadly based on the divergence between the US and most other major economies. The US acted early and aggressively to counter the Great Financial Crisis. Unorthodox policies, such as quantitative easing, were adopted years before the ECB and BOJ. This has produced different …
Dollar Bull Case Intact: It is All About the Perspective Read More »