This is the video recording of the July 2023 Mid-month Conference Call.
DXY Slides to 52-week Low
From the Desk of Ian Culley @IanCulley
The US Dollar Index $DXY has resumed its march toward fresh lows.
It took a less direct route, meandering sideways for the past seven months.
Nevertheless, our roadmap for a DXY breakdown has remained useful.
The EUR/USD is trading above 1.08. And commodity currencies are recapturing their July pivot lows from last summer.
These are key developments that support further USD weakness, leading us toward today’s breakdown.
Thanks to sellers taking control of the market, today’s session is offering another critical piece of confirming evidence…
It’s That Catalyst Again…
Buyers Brace for a Singapore Swing
From the Desk of Ian Culley @IanCulley
First stop, Singapore!
Steve Strazza and Sean McLaughlin are headed east on a whirlwind tour of Asia.
I must admit, I’m a bit jealous. And I’m not the jealous type!
They’ll visit seven cities over the course of the next month, meeting traders and financial professionals from the tip of the Malay Peninsula all the way to Japan.
I can’t physically travel with them, but I can live vicariously through their stories and videos, and, of course, my charts… [Read more…]
What Does a Weaker Yuan Mean for US Stocks?
From the Desk of Ian Culley @IanCulley
Most emerging market currencies have been in beast mode.
The Chinese yuan is a notable exception.
In fact, most Asian currencies haven’t fared well against the dollar over the trailing three months.
Latin American and Eastern European currencies – mainly the Brazilian real and the Mexican peso – are driving these markets.
Analyzing these currencies through the Emerging Currency Fund $CEW as it makes new 52-week highs is useful.
But I’m more interested in the Chinese yuan as it slips and slides against the dollar.
Why?
China represents the world’s second-largest economy.
And, based on the charts, the yuan could provide valuable insight into the direction of US stocks…
June Mid-Month Conference Call: 5 Key Takeaways
From the desk of Steve Strazza @Sstrazza
Tuesday night we held our June Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each.
Let’s get right into it!
The CAD Sidelines the DXY
From the Desk of Ian Culley @IanCulley
Dollar bulls, be warned!
The US Dollar Index $DXY is sliding toward the lower bounds of a multi-month range.
Yes, it’s still a sideways mess. And it will remain a mess as long as its former support level holds.
But based on the most recent data, my money is on a downside resolution for King Dollar.
Especially when I consider last week’s breakout in Canadian dollar futures…
[Premium] Mid-Month Conference Call Video Recording June 2023
This is the video recording of the June 2023 Mid-month Conference Call.
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