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As shared in the chart above, the Dollar and its non-correlation effects has been weak of late. The majority of the time a Dollar rally, puts downward pressure on stocks and commodities. The Dollar finds itself close to support as it has created a bullish falling wedge at (2) in the above chart.
Favorite position to score on defense should the Dollar rally….scoring on defense by shorting base materials.
You used to post currencies pairs as an indicator for the stock market, any clues in the Euro or Yen for stock performance?
Looks like to me the inverse relationship between $ and commodities changed in the last decline of $. $, Gold, and silver all declined together in the last leg. Also, today as the $ rose, so did gold and silver. I think the inverse relationship between Euro and PM complex is more establised this round.