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Boy, the Dollar Looks Strong


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#11 Rogerdodger

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Posted 16 July 2022 - 10:20 AM

I'm long the $dollar and still feel short changed when I buy anything. swoon.gif



#12 SemiBizz

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Posted 16 July 2022 - 10:40 AM

Europeans have pushed the PANIC BUTTON on the Euro...

 

They are out here talking about UNLIMITED BOND BUYING

 

https://finance.yahoo.com/news/ecb-bond-tool-seen-having-040000033.html 

 

This "new tool" is not new... Draggy introduced this idea in 2012 in a Euro crisis... 

 

https://www.theguard...is-mario-draghi

 

They are scared to death IMO.

 

And they should be.


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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#13 SemiBizz

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Posted 16 July 2022 - 10:45 AM

I'm long the $dollar and still feel short changed when I buy anything. swoon.gif

 

Yes, but just think if you are in Europe... you watched the Euro depreciate 15% against the US$

 

Most of the World's debt is denominated in US$ - you must fork over 15% MORE Euros to have the pleasure of making payments.

 

A LARGE PERCENTAGE of the Global Commodity Trade is DENOMINATED in US$ - add another 15% to wholesale commodity prices for Europeans and what do you have?  It is a disaster... No wonder they are panicking...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#14 SemiBizz

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Posted 16 July 2022 - 10:49 AM

So this sets up good opportunity for polls...

 

But I don't have an option for that on my screen.

 

Is it just that the US$ is STRONG?

 

or is it that the $YEN and EUR$ are WEAK?

 

I'll use Twitter instead.

 

Link, Please Vote 

 

https://twitter.com/...334907297898499


Edited by SemiBizz, 16 July 2022 - 10:54 AM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#15 SemiBizz

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Posted 16 July 2022 - 10:58 AM

Speaking of STRONG...

 

https://twitter.com/...027218428694529

 

"This is one strong group running this tape last 2 days... they were magnificent, pulled off that lower low y'day and then basically been "in yo face" blatant rally with a few clever bear bait traps..."


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#16 MikeyG

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Posted 16 July 2022 - 11:07 AM

Going parabolic?
Maybe.https://www.tradingv...ymbols/TVC-DXY/
 
I'm trying to figure out when and where to re-short the long bond.

I wouldnt IMO, yields have topped potentially for our lifetimes.

You are going to be a averaging down to 400 SPX, intrerest rates are going to 15%,
Fed funds rate to 8%.

LOL

#17 steadyquest

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Posted 16 July 2022 - 12:42 PM

This count is plotted against a log scale since the subject is a ratio, i.e., it contains a multiplication (USD x 1/YEN).

 

usd-yen.png



#18 steadyquest

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Posted 16 July 2022 - 12:55 PM

Not really - its actually a linear scale - wondering if anyone is paying attention...



#19 linrom1

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Posted 17 July 2022 - 10:59 AM

We need dollar back in 80's for things to cost less.



#20 steadyquest

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Posted 17 July 2022 - 11:34 AM

Maybe a log plot is appropriate - aligning with the first step and pullback.  But it yields a higher terminal count.  Time will tell.

 

usd-yen-log.png