by Chris Kimble | Aug 5, 2020 | Kimble Charting
The U.S. Dollar ran into a perfect storm in 2020: a pandemic (Coronavirus), an easy Federal Reserve, and trillions of dollars in government stimulus. The result has been a steep decline in the greenback. Looking at today’s chart, however, suggests that the US Dollar...
by Chris Kimble | Jul 30, 2020 | Kimble Charting
The past several weeks have seen the US Dollar decline sharply and the Euro and Aussie dollar rally. These swift moves have helped push gold to new highs. But they have also brought this trio of currencies to a critical juncture, reflected in the charts above. The US...
by Chris Kimble | Jul 20, 2020 | Kimble Charting
This chart looks at the US Dollar/Gold Ratio on a monthly basis over the past 25-years. Since the 2001 highs, the ratio has created a series of lower highs, reflecting that the US Dollar is losing ground to Gold. A lower high in the ratio took place back in 2015,...
by Chris Kimble | Jul 1, 2020 | Kimble Charting
It’s been a good year for gold bugs! Gold has outperformed several asset classes as volatility and general economic uncertainty have come back to the forefront. In today’s chart, we look at the ratio of Gold to the U.S. Dollar on a “monthly” basis. Gold bulls want to...
by Chris Kimble | Jun 22, 2020 | Kimble Charting
The US Dollar sell-off and subsequent rallies in the Euro and Aussie Dollar have given commodity bulls reason to watch the forex and be hopefull. A weak Dollar (and strong Euro / Aussie) tends to be a tailwind for commodity prices. As you can see in today’s chart, the...
by Chris Kimble | May 26, 2020 | Kimble Charting
The U.S. Dollar has been a pillar of strength for the past 12-years, at it created higher lows starting in 2008, near the 70 level. Since these lows, it has rallied nearly 50%. The 102 level was resistance for nearly 13-years (1987 to 2000) until an upside breakout...
by Chris Kimble | Apr 23, 2020 | Kimble Charting
The US Dollar is always on Gold bulls minds. A weak dollar tends to be a tailwind for Gold prices while a strong dollar tends to be a headwind. Well, the US Dollar Index is nearing an important juncture and Gold bulls should be watching here. As you can see in today’s...
by Chris Kimble | Mar 24, 2020 | Kimble Charting
The past month has seen global stock markets crash, volatility erupt, and investors flee to the US Dollar in a “flight to quality” move. A recent ten-day period captures the magnitude of this move: From the March 9 low at 94.61 to the March 19 high at 103.82, the US...
