If the dollar index melts through support, the path of least resistance for most U.S.-denominated assets will be higher.
With trading disrupted by Golden Weeks in China and Japan, investors have cast their gaze to Washington, sending Asian currencies higher and stocks down.
Let's look at the overbought condition, bonds, and the dollar vs. the yen.
There's a lot to think about between T-bills, the debt ceiling, 0DTE VIX, geopolitical risks, the demise of the dollar and earnings, but are any worthy of a 'rant'?
Sugar is just one of the commodities powering the index tracking fund higher.
The DXY has a big influence on trade flows and the price of commodities.
Higher than it is now, especially if the U.S. dollar breaks to the downside.
Let's check the charts to see if it can buck the current trend.
There is considerable value to be found among international names at the moment.
What does the Fed do this Wednesday afternoon? Do they commit to keep on fighting inflation? Or do they try to prevent some kind of economic catastrophe?