Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

USD Plunge May Have Important Implications

Published 12/03/2015, 02:38 PM
Updated 07/09/2023, 06:31 AM

Although neither the DXY nor the CRB remain in the grasp of powerful 18-month trends, the anecdotal momentum evidence argues strongly that both dominant trends -- up DXY, down CRB -- are near or at exhaustion.

Thursday's dollar plunge certainly looks like the end of the August upleg and the initiation of a decline to test the dominant up-trend line -- now in the vicinity of 95.15.

Such a decline in the dollar should support a CRB recovery rally.

U.S. Dollar Vs. CRB Index

Latest comments

Dollar up leg copmleted and start to down trend for 2/3 years ?????
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.