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Live From The Trading Desk: US Dollar Sets Up For a Move

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Posted by Michael Campbell & Drew Zimmerman

on Monday, 24 October 2016 07:25

Everything is so connected that a move in the US Dollar has broad implications. Believed to have made a low in May, the US Dollar has broken out of a chart formation and moved through a downtrend line. What comes next .....

....Don't miss Martin Armstrong: The Worlds Top Forecaster, Reputation 2nd to None On The Markets & The US Electlon

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Currency

The Canadian dollar is getting whacked after disappointing data

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Posted by Business Insider

on Friday, 21 October 2016 07:22

The currency is down by 0.7% at 1.3312 per US dollar as of 8:38 a.m. ET.

Just minutes earlier, data showed that core retail sales came in at 0.0% month-over-month in August, below expectations of an increase of 0.3%.

Additionally, CPI rose only 0.1% month-over-month in September, below expectations of a 0.2% uptick. Meanwhile, core CPI rose 0.2% month-over-month, as expected.

screen shot 2016-10-21 at 8.37.51 am

....also: This Indicator Says The Price Of Gold Is Now Headed Above $1,700



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USD/CAD - Canadian Dollar Under Pressure, Markets Eye Fed Minutes

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Posted by Seeking Alpha

on Wednesday, 12 October 2016 06:12

saupload USD CAD 16-10-10 2d mThe Canadian dollar has weakened and is back above the 1.32 line on Tuesday, after posting strong gains in the Monday session. Currently, USD/CAD is trading slightly above the 1.32 line. On the release front, Canada will publish Housing Starts, with the indicator expected to improve to 194 thousand. In the US, there are no major releases on the schedule.

On Wednesday, the Federal Reserve will release the minutes of its September policy meeting, in which it held rates at 0.25 percent. As well, FOMC members William Dudley and Esther George will speak at public engagements.

....continue reading HERE

 

....related:

US Dollar Looks to Move Higher



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Currency

US Dollar Looks to Move Higher

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Posted by Readtheticker.com

on Wednesday, 05 October 2016 09:33

The last thing the US needs is a higher US dollar!

Higher dollar is due to:

1) Expected higher US interest rates
2) Less $USD in the world, as other pay back $USD loans
3) Demand for $USD dollar assets for safety.
4) Expected trouble in the European bank circles.

A higher is dollar is not good.

Below we have a very obvious accumulation pattern, watch this, a break out higher will be on news that wont be good for the world.

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Investing Quote...

"I have yet to find a man, in or out of Wall Street, who is able to make money in (markets) continuously or uninterruptedly. Like anyone else, I have good and bad periods." ~ Richard D Wyckoff

"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig

"It's easier to fool people, than to convince them they have been fooled." ~ Mark Twain

"Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market." ~ Warren Buffett

"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin



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Currency

Loonie Tumbles After Canadian Inflation, Retail Sales Plunge

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Posted by ZeroHedge

on Friday, 23 September 2016 06:25

20160923 CAD

A slew of disappointing data out of Canada has sent the Loonie tumbling this morning (despite higher oil prices).

....read more HERE

related

Dollar Retrospective Chart 1971-2016: Next Major Cyclical Driver?



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