Currencies Archives - All Star Charts

The Stage is Set for a Rip-Roaring Canadian Dollar Rally

November 29, 2023 by Ian Culley

From the Desk of Ian Culley @IanCulley

Fiat money worldwide is sidelining the dollar.

Emerging Market currencies were the first to strike. Now, their developed Market counterparts have joined the fray.

The result: Global equities and precious metals are catching a bid.

After a challenging second half, perhaps the year’s final weeks will be a layup for stock and forex traders.

And with the Australian and New Zealand dollars completing tactical reversals against the USD, the Canadian dollar could be next…

[Read more…]

Good thing they’re wrong so often

November 29, 2023 by JC

“If people weren’t wrong so often, we wouldn’t be so rich” – Charles Thomas Munger

R.I.P. Legend.

Charlie, of course known for his fundamental analysis alongside Warren Buffett all these years, was a closet Technician at heart.

His analysis of human behavior was top notch, particularly misbehavior and stupid behavior.

His comment to Warren about the reason they were so rich was because people are so often wrong, was spot on.

If you’ve been paying attention, we use this to our advantage quite a bit.

For example, twelve months ago Wall Street strategists forecasted an outright fall for stocks in 2023, the first time this century that they had predicted a loss… [Read more…]

November Mid-Month Conference Call: 5 Key Takeaways

November 28, 2023 by Alfonso Depablos

From the desk of Steve Strazza @Sstrazza

Last Week, we held our November Monthly Conference Call, which Premium Members can access and rewatch here.

In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.

Let’s get right into it!

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