Category Archives: United States Dollar
Gold Spikes As Dollar, Bond Yields Tumble Despite Hawkish-Hiking Fed
Stocks shrugged but bonds and the dollar did not… as gold spiked The dollar is reversing recent gains quickly… The long-end is legging lower in yield… So bond yields lower, dollar lower, and gold higher… not exactly what The Fed would likely have wanted!
Is Tax “Reform” Good For The US Dollar? How About Gold?
Authored by Mike Shedlock via www.themaven.net/mishtalk, Let's investigate what happened after the last 3 major tax reforms. Another "reform" is on deck. I picked up this idea from Holger Zschaepitz, @Schuldensuehner, who made the following Tweet, posting a chart from Bloomberg. Proposed US tax overhaul, 3rd major change to US tax code over past 40yrs, […]
FX Technicals: Is the US Dollar’s Down Done?
The US Dollar has been relentlessly sold against FX peers since January 3rd, 2017 …. shedding pips-a-plenty versus EUR, GBP, JPY, CHF, CAD, AUD, NZD … Uncle Buck has been pummeled .. until now. Following a series of explicit failed new highs in early-mid March … the USD weekly chart shows just one bounce attempt […]
“If This Trade Doesn’t Work, You Can Blame Me…”
Authored by Kevin Muir via The Macro Tourist blog, In July I wrote a piece titled, “Is the real US Dollar Pain Trade Lower?”. At the time the US dollar was sucking wind, but many traders were still playing for a bounce. The prevailing wisdom was that the Fed’s tighter monetary policy, combined with Trump’s […]