Matt Weller CMT, CFA is a Senior Market Analyst at Faraday Investment Research. He published a note today on forex.com detailing the symmetrical triangle pattern that is currently forming in the USD/JPY currency pair. He explains the significance of this price action by comparing it to the coiling of a spring: “As the range continues […]
Could a Weak US Dollar be Good for Stocks?
The US dollar ended 2018 on a weak note and has continued to decline. Many would think this has bearish implications for US stocks, but actually, the contrary is true. A weakening Dollar could be fueling the recent rally stocks have experienced since reaching lows at the end of December. The reason a weakening dollar […]