Call toll-free 800.328.1267
The U.S. dollar is crashing, boosting all kinds of other assets.
Many newer traders may not appreciate the importance of this trend because the last big phase of dollar weakness was 2003-2011. Downside in the greenback can have a very wide impact across the stock market, usually driving money into precious metals and foreign stocks. This time around (unlike the last cycle) cryptocurrencies are another alternative.
The main reason has been weak economic data in the U.S. at the same time other countries have improved. The Federal Reserve’s commitment to low interest rates has also made other currencies more attractive.
Market Insights will follow this trend more in coming weeks. It hasn’t been a big story yet, but awareness could spread now that the U.S. dollar index is at the lowest level since April 2018.
See also: Here’s Your Ultimate Guide to Trading the Weak Dollar
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...
Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart is the trendline along the closes of December 28 and January 31. RCL ended yesterday above it, which could make some...