The Dollar being down this morning is moving equities and oil, but that may soon change.
This is the currency pair EUR/USD, there seems to be a slight top taking shape, other major pairs are seeing the dollar rise as well.
This is the ETF for the Euro, FXE, with a negative 5 min chart
Negative 10 min chart
And negative 15 min chart
UUP, (ETF proxy for the dollar) is positive on the 1 min
Positive on the 5 min
On the 10 min
And the 15 min. So if the dollar rises, which t appears it's getting ready to do, oil and equities should feel some selling pressure as there is an inverse relationship between them.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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