Who Gives A Buck?

By Tim Knight of Slope Of Hope

Managing Partner at Tim Knight Organization • Feb 14, 2023 at 1:47 PM EST

As we look at the EUR/USD, we can see a beautiful repulsion off the trendline on February 2. This looks to be heading lower.

The stronger the dollar, the weaker the equities. I’m all for that. As we look at the EUR/USD, we can see a beautiful repulsion off the trendline on February 2 (which was, not coincidentally, the peak in equities after the insane January rally). This looks to be heading lower.

(Click on image to enlarge)

The USD/JPY isn’t quite as clear, but for the moment the greenback is doing all right.

(Click on image to enlarge)

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The Monsters Get Mushy
Nothing Accomplished

Disclaimer:

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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