Currency Markets

Weekly overview of Currency and Commodity Markets published on Sunday. Includes occasional intraweek updates, DeMark analysis, Sentiment analysis, Commitment of Traders analysis and more.

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Currency Weekly January 29, 2023

Currency Weekly January 29, 2023

  • Despite the strong equity rally last week, currencies had muted response
  • US Dollar reversal up with main crosses remain in play with the signals 
  • Crypto rally stalled after some new DeMark sell Countdown 13’s
  • New Yuan Sequential 13 worth watching
Currency Weekly January 22, 2023

Currency Weekly January 22, 2023

  • US Dollar bullish sentiment remains oversold with recent DeMark exhaustion signals in play, lacking a response
  • Crypto has had a very strong move and could see DeMark exhaustion signals this week
Currency Weekly January 16, 2023

Currency Weekly January 16, 2023

  • The big story was the re-emergence of crypto, which I believed was possible 
  • Crypto still has a DeMark Countdown in progress however the RSI is crazy overbought 
  • The US Dollar and some important crosses did get more exhaustion signals
  • This could be an important week with the BoJ meeting
Currency Weekly January 8, 2023

Currency Weekly January 8, 2023

  • The US dollar declined hard on Friday on a clear risk on type of day
  • I’m still watching for some Dollar crosses to get DeMark Sequential Countdown 13s and possibly Combo 13s
  • Crypto has been trading sideways and could get DeMark Setup 9’s on Monday 

 

Currency Weekly January 4, 2023

Currency Weekly January 4, 2023

  • The US Dollar has had a very good pullback after upside DeMark exhaustion signals
  • Now there are some DeMark exhaustion signals that are starting to trigger and some nearing
  • Crypto remains in the nothing to do category
Currency Weekly December 26, 2022

Currency Weekly December 26, 2022

  • The US Dollar decline that started several months ago continues, albeit recent action has been sideways.
  • The Dollar and other crosses have daily time frames DeMark Sequential Countdown’s getting late into the Countdown 13 
  • Crypto remains in a sideways “Waiting for the next shoe to drop” pattern