- Quite a week last week in the currency markets!
- A lot of extremes in sentiment including the US Dollar bulls at 97%
- Crypto remains under pressure with Ethereum with a downside Propulsion target in the 600’s
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.
Currency Weekly September 18, 2022
- The equity and bond market volatility continues to see demand for US dollars
- That trend has been in play for over a year and it will take a lot more than nominal dips to signal a trend change
- Crypto remains under pressure
Currency Weekly September 4, 2022
- The US Dollar strength has continued however there is a new DeMark Sequential 13 worth watching
- I am sorry that last week’s note did not go out properly
- This note is unlocked to all subs; pardon the marketing push
Currency Weekly August 21, 2022
- The main theme was the re-emergence of the US Dollar as the safe haven
- Crypto faded after recent drifty gains
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Currency Weekly August 14, 2022
- The spike lower with the US dollar after the CPI has recovered more than half the decline.
- The low on the DXY US Dollar from the CPI print index is the line in the sand.
- Yen has a potentially bullish pattern developing.
- Bitcoin has drifted higher with sentiment remaining under pressure
- Ethereum has looked better. However, there are a couple of signals to watch
Currency Weekly August 7, 2022
- We’ve seen the US Dollar decline for weeks in the Currency markets.
- Has the Dollar dropped enough to the 50-day as expected for another move higher?
- This is what I will be watching this week
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