• 716 days Will The ECB Continue To Hike Rates?
  • 717 days Forbes: Aramco Remains Largest Company In The Middle East
  • 718 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,118 days Could Crypto Overtake Traditional Investment?
  • 1,123 days Americans Still Quitting Jobs At Record Pace
  • 1,125 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,128 days Is The Dollar Too Strong?
  • 1,128 days Big Tech Disappoints Investors on Earnings Calls
  • 1,129 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,131 days China Is Quietly Trying To Distance Itself From Russia
  • 1,131 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,135 days Crypto Investors Won Big In 2021
  • 1,135 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,136 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,138 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,139 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,142 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,143 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,143 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,145 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

US Dollar

With no break of the 34-dma and a cycle low due this week it is beginning to look like the bulk of the expected correction is behind us and DXY will soon begin what is expected to be the last leg of its rally prior to this September.

April looks bullish for the dollar with short-term cycles pointing to highs near both Apr. 15 and Apr. 30.

The price target of 102.00 is a minimum target derived from the six-year triangle but my price forecasting model generates a target of 103.50.

The Coppock Curve has reached the "good overbought" level confirming the March high. This implies a return to these levels or higher after a correction this spring/summer.

Coppock Curve
Larger Image

 

Back to homepage

Leave a comment

Leave a comment