Tag Archives | US Dollar

Heads or Tails on the Dollar?

The US dollar is minting 8-month highs after appreciating 5.4% in the last 60 days. Sunday night’s selloff tested the 38.2% Fibonacci level, where prices quickly bounced. June futures are now at 83.50 and will likely close the week above their 20-day MA (dark blue line). 83.50 remains the line in the sand – from […]

Continue Reading 0

The Almighty Greenback

The US dollar has benefitted from being the best house in a bad neighborhood in recent months. Since the first week of February the Greenback has appreciated 5%, low to high, lifting prices to fresh six-month highs. But this party is over, in my opinion. At least for now… I’m calling an interim top at […]

Continue Reading 2
DX.jpg

DX Double Top

This is the first post on Commodity Trader from the Platatude dude. I am perhaps the most famous “wrong way” trader.  Legions of followers from professional floor traders to a post-menopausal womens’ investment club in Fargo, ND have used the dude’s investment and trading advice as one of the most reliable contrary indicators around. 🙂 I’ll […]

Continue Reading 0