The U.S. Dollar Index has started showing some strength above the light blue resistance line, and if there is a bullish breakout for DXY here that could hurt crypto and commodities. It is important to monitor for a break or rejection here, and for now it’s looking like a potential bullish breakout for DXY.
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TMF has held strong throughout August and September, but is starting to show some weakness in October. I have $54.72 and $47.50 as two key support levels to monitor. TMF is also trading near local support around $56, I would monitor to see if the $56 and $54.72 support levels hold for now. Follow me […]
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There is a misconception that the U.S. economy has been tightening. The reality is we have experienced QE through excessive government spending and liquidity injections from the US treasury. Data shows our economy is as loose as it was during the 2021 meme stock rally. As the Fed continues to cut rates conditions could become […]
Read MoreUSD / JPY has declined after Shigeru Ishiba was elected to become prime minister by the Liberal Democratic Party. USD/JPY has experienced a sharp selloff, and is trading slightly above a $140.95 support level. I think USD/JPY is at risk of losing support over the next few weeks, which could cause some panic for the […]
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TMF has held strong throughout August and September, but is starting to show some weakness in October. I have $54.72 and $47.50 as two key support levels to monitor. TMF is also trading near local support around $56, I would monitor to see if the $56 and $54.72 support levels hold for now. Follow me […]
Read MoreThere is a misconception that the U.S. economy has been tightening. The reality is we have experienced QE through excessive government spending and liquidity injections from the US treasury. Data shows our economy is as loose as it was during the 2021 meme stock rally. As the Fed continues to cut rates conditions could become […]
Read MoreUSD / JPY has declined after Shigeru Ishiba was elected to become prime minister by the Liberal Democratic Party. USD/JPY has experienced a sharp selloff, and is trading slightly above a $140.95 support level. I think USD/JPY is at risk of losing support over the next few weeks, which could cause some panic for the […]
Read More