Trade weighted Dollar

Dollar index traded on Ice is basically USD vs Euro due to weighting of the currencies in the basket.The Fed has a trade weighted Dollar index made up of 26 U.S.Trading partners a more Complete view of Dollars impact on trade.

In a sideways pattern but “highs” are lower then prior ones so possibly indicating a downside breakout

Bonus chart Citigroup surprise Economic Index the higher the metric the more beats to economic data and vice -versa.From the chart it looks the Negative surprises have bottomed

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.