Silver as an investment

Category Archives: greenback

Dollar Pullback Extended

marctomarket.com / by Marc Chandler / October 10, 2017 The US dollar’s advance faltered before the weekend after rise average hourly earnings and a new cyclical low in unemployment and underemployment initially fueled greenback buying.  There is no doubt the data was skewed by the storms, though the upward revision to the August hourly early cannot […]

Aussie Scales New Highs for the Year, as the Greenback Remains on the Defensive

marctomarket.com / by Marc Chandler / July 14, 2017 The Australian dollar has taken over leadership in the dollar bloc from the Canadian dollar.  The Aussies are up about 0.35% today to extend this week’s gains to more than 2% and reach a new high for the year a little more than $0.7760.   The Canadian dollar is up 1.1% […]

Divergence Reasserted, Extends Greenback’s Recovery

marctomarket.com / by Marc Chandler / May 21, 2016 The combination of stronger US economic data and signals from the Federal Reserve that it is looking to continue the normalization process helped the dollar extended its recovery. The dollar posted a significant technical reversal against many of the major currencies on May 3. The Dollar Index rose […]

Greenback Firmer, but has it Turned?

marctomarket.com / by Marc Chandler / May 4, 2016 There is one question many investors are asking after noting that with Cruz dropping out of the Republican primary, Trump has secured the nomination, and that is whether the dollar has turned. The greenback has extended yesterday’s reversal higher. The euro had briefly poked through $1.16 and […]

Greenback Mostly Softer, Sterling Shines

marctomarket.com / by Marc Chandler / April 26, 2016 The gains the US dollar registered in the second half are being pared, but it is sterling’s strength that stands out.  It is difficult to attribute it to Obama’s push against Brexit, but there does appear to have been a change in sentiment. Sterling is the best-performing […]

Greenback Steadies Against Majors, but Firmer vs EM After MAS Surprise

marctomarket.com / by Marc Chandler / April 14, 2016 After initially extending its recent recovery gains against the major currencies, the US dollar began consolidating in the European morning.  An unexpected shift by the Monetary Authority of Singapore, replacing a modest and gradual currency appreciation with a more neutral stance, coupled with softer oil prices and […]

More Thoughts about the Yen

marctomarket.com / by Marc Chandler / April 12, 2016 Every so often there is a market move that appears inexplicable.  The conundrum now is the yen’s strength.  Of course, there are numerous attempts shed light on the yen’s rise, but many, like ourselves, are not very satisfied. Perhaps part of the problem is that many participants […]

Greenback Finds Better Traction

marctomarket.com / by Marc Chandler / March 26, 2016 The US dollar rose against all the major and most emerging market currencies last week. After selling off following the ECB and FOMC meetings, the dollar found better traction. It was helped by widening interest rate differentials. Regional Fed manufacturing surveys for March suggest the quarter is […]

U.S. Futures Slide, Crude Under $39 As Dollar Rallies For Fifth Day

zerohedge.com / by Tyler Durden / 03/24/2016 06:41 -0400 Following yesterday’s dollar spike which topped the longest rally in the greenback in one month, the prevailing trade overnight has been more of the same, and in the last session of this holiday shortened week we have seen the USD rise for the fifth consecutive day on concerns […]

The Greenback Remains Technically Vulnerable

marctomarket.com / by Marc Chandler / March 19, 2016 The US dollar had a difficult week. The price action after the ECB meeting had undermined the technical tone, and the dollar took another leg down after the FOMC moved closer to the market expectation by reducing the number of rate hikes the median official thinks will be […]