• 506 days Will The ECB Continue To Hike Rates?
  • 506 days Forbes: Aramco Remains Largest Company In The Middle East
  • 508 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 908 days Could Crypto Overtake Traditional Investment?
  • 913 days Americans Still Quitting Jobs At Record Pace
  • 915 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 918 days Is The Dollar Too Strong?
  • 918 days Big Tech Disappoints Investors on Earnings Calls
  • 919 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 921 days China Is Quietly Trying To Distance Itself From Russia
  • 921 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 925 days Crypto Investors Won Big In 2021
  • 925 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 926 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 928 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 929 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 932 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 933 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 933 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 935 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Good News Has Not Pushed the US Dollar Higher!

Employment report better, higher 10 yr interest rate, higher stock prices, US FED tapper, yet the US dollar is not moving higher. Good news with poor price action is bearish. The coffee may be getting very cold!

Of course maybe the US centric good news is being offset by the massive amount dollars in the world and less folks want to use them (Russia, Europe and China deals in energy). The US dollar is also known as the petrodollar (back by the fact that oil is to be traded in US dollars), but that definition maybe getting a trimming when huge amounts of oil and gas to be traded in yuan, euro or rubles. Just a reminder, the petrodollar was formed while China, Russia and half of Europe was behind a communist curtain in 1970s, that ended in the 1990s, and now in 2014 Russia and China have economic strength and it is common sense they use it.

Can the US dollar accept the change that is clearly coming?

Charts - Cycles that is very well formed, suggest another down swing is due now!

DXY US Dollar Index
Larger Image

Chart - Channel Close up - Yes prices could break either way in the short term.

Channel Close Up Chart (DXY) US Dollar Index
Larger Image

Channel - Long - Trend is down!

DXY US DOllar Index - Long term chart
Larger Image

Investing Quote

"I latter told my students, 'think in waves' [of price and volume]"

- Richard D Wyckoff

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway"

- Warren Buffett

 


NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

 

Back to homepage

Leave a comment

Leave a comment