Posts

The dynamics of the USD, Gold and CNH

During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.

Chart of the Day -USDSEK- (Feb 4th 2019)

The USDSEK is not a currency pair that Forex Analytix commonly follows, but at times it is worth noting.

Chart of the Day -AUDUSD- (Jan. 31th 2019)

Since the AUDUSD rallied from the late North American session selloff from a couple weeks back, the rally has stalled at the 200DMA.

Chart of the Day -DXY- (Jan. 30th 2019)

The US Dollar has given up ground today as the FOMC statement and press conference came off fairly dovish.

Chart of the Day -DXY- (Jan. 22nd 2019)

The DXY has developed an ascending wedge as we stall near the 50% retracement of the last move lower.

Chart of the Day -EURUSD- (Jan. 9th 2019)

The EURUSD finally broke higher out of the two month consolidation with the pair reaching as high as 1.1550 today.

The USD showed the potential to breakdown against many majors

The USD (DXY) has been range bound for months, and mostly this is a product of many cross currents in the markets. Equity market volatility, weakness of fundamental data globally stating to seep in, the FOMC looking to be at the end of their hike cycle, China and US trade war brewing, and the list […]

Chart of the Day -WTI- (Jan. 2nd 2019)

After a huge move that pushed it from as high as $77 to almost 42 within a 3 month period, crude found a low 1 day before the Christmas break.