These days, we trade gold as a commodity.

But centuries ago, we used to trade commodities priced in gold. 

For this reason, among others, we like to think of Gold as more than a commodity or currency....

The US Dollar continues to weaken, and international energy stocks are one of the groups benefiting most from it.

Look at what’s happening in the global energy space. While US energy (XLE) has chopped sideways for the better...

Leadership keeps showing up in places no one’s watching. Take Peru.

The Peruvian Sol (PEN/USD) just registered its best single-day performance since 2023, reaching fresh five-year highs against the US Dollar.

...

When it comes to Latin America, currencies are known to tip the hand for equities. 

When LATAM currencies outpace the US Dollar, their bond and equity markets tend to follow suit — often outperforming US benchmarks.

We’ve been pounding the table on a weak dollar cycle for months now… and it’s been working very...

If you're still looking for leadership outside the U.S., start by looking at the local currency.

The Polish Zloty is breaking out—clearing multi-year bases against both the Euro and the Dollar.

It’s...

Markets are always talking. The trick is in discerning what to listen to versus what to ignore. 

There’s a lot of noise out there these days. You can get lost in it. 

But when it comes to commodities...

We’ve spent the better part of this year highlighting one breakout after another against the Greenback. The evidence is everywhere you look. 

Emerging-market currencies, developed-market FX, precious metals, and...

The team and I have been digging through our currency charts today, trying to figure out if we should trust these new lows in the Dollar Index.

And the truth is, there is plenty we could say about dollars right now, but I don...

The Singapore Dollar is roaring higher. 

After more than a decade of basing, the SGD/USD is finally punching through a key breakout level—the 61.8% retracement of its 2011–2020 decline.

This isn’t just...

We’ve been pounding the table on the rotation taking place across Asian equity markets. Vietnam, ...

From the desk of Steve Strazza

Have you ever heard of the Nokkie-Stokkie?

It’s forex trader lingo for the Norwegian...

During our time in New Orleans at the Portfolio Accelerator event, I brought the Israeli Shekel to the table—and it sparked a really interesting discussion.

We were diving...

The Canadian dollar is catching a bid. 

And while the CAD rarely grabs headlines like the euro, pound, or yen, it’s no backbencher—it makes up 9% of the US Dollar Index $DXY, just behind the big three.

It...

The dollar is rebounding, but don’t expect it to last

The US Dollar Index $DXY continues to sit near the top of our macro checklist. 

The Taiwan New Dollar just posted its sharpest two-day rally against the US dollar—ever.

This wasn’t just any rally. It was a vertical move—TWD/USD spiked over 10% in two sessions, tagging a near three-year high in the...

The Mexican peso is the “blue-chip” emerging market currency. It’s long been a favorite for hedge fund carry trades—often paired with the yen—due to Mexico’s relatively high interest rates and liquid FX market....