Currencies Archives - Page 5 of 70

Bill Baruch Is on “What the FICC?”

August 17, 2023 by Ian Culley

We’re having loads of fun with What the FICC?

Spencer and I talk about high-level intermarket trends, whatever markets catch our attention, and things that fly under the average investor’s radar.

Bill Baruch, the founder and president of Blue Line Futures, will join us tomorrow to share his insights on trends and markets.

I’m a big fan of Bill’s and the entire team at Blue Line – a consistent source of clarity. And I know Spencer’s dying to discuss yields…

It’s going to be a good one! Be sure to tune in tomorrow at 11:30 a.m. ET.

If you missed yesterday’s show, here’s a quick recap…

[Read more…]

US Dollar Breakouts Mount

August 16, 2023 by Ian Culley

From the Desk of Ian Culley @IanCulley

When it rains, it pours.

Markets chop sideways most of the time. This has been the reality for forex markets for much of the year.

But that’s starting to change as numerous US dollar pairs reach new 10-month highs. The dollar is taking down crucial levels while the US Dollar Index $DXY retests a year-to-date downtrend line and key former highs.

The peculiar coincidence sets up some potentially critical resolutions for these USD pairs.

If they fail, the dollar rally is likely over.

If they hold and additional USD breakouts materialize, selling pressure will intensify for many risk assets.

As of today, quite a few forex pairs are on the verge of supporting a sustained US dollar rally…

[Read more…]

Energy Has 99 Problems but the Dollar Ain’t One

August 11, 2023 by Ian Culley

From the Desk of Ian Culley @IanCulley

We have the smartest clients!

We might not always agree on the market direction at All Star Charts, but we all share that sentiment.

Our readers ask the best questions. And I selfishly benefit every time as it forces me to clarify my thoughts into a coherent response.

As I answered an email last night, I realized I had to share it with everyone:

[Read more…]

2nd Half Looks Much Different

August 11, 2023 by JC

We’re almost half way through the 3rd quarter already!

Boy does time fly when you’re having fun.

Have you noticed how much different the 2nd half of the year looks compared to the first half?

We’re thrilled to see it.

Owning Tech stocks stuck below overhead supply is no way to go through life.

Here is the Market-cap Weighted Technology Index failing miserably to break out above its former cycle peak.

And, of course, the Equally-weighted Technology Index failing altogether to even retest its former highs: [Read more…]

Track These Levels as the Dollar Bounces

August 9, 2023 by Ian Culley

From the Desk of Ian Culley @IanCulley

The US Dollar Index $DXY is the most important chart in the world, again.

But, honestly, when is it not?

There’s no hiding from King Dollar.

It’s true: Currencies are not considered one of the three major asset classes (bonds, stocks, and commodities).

Nevertheless, fluctuations in the US dollar impact every asset worldwide – especially stocks and commodities.

And the probability of renewed headwinds for risk assets is increasing as the failed breakdown in the dollar could have legs…

[Read more…]

August Strategy Session: 3 Key Takeaways

August 4, 2023 by Alfonso Depablos

We held our August Monthly Strategy Session Wednesday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

[Read more…]

Weakest Time For Stocks

August 4, 2023 by JC

This is just a friendly reminder that the most bullish period of the entire 4-year cycle has just come to an end.

How’d you do?

Stocks broke records in terms of performance and have been in the midst of a raging bull market, driven by sector rotation and breadth expansion.

All of this is perfectly normal.

Stocks did very well at exactly the time that they were supposed to.

Not sure why so many are surprised by it.

Now that even the biggest permabears threw in the towel and started turning more optimistic, we are now entering the most bearish time for stocks: [Read more…]