$DXY | Citi's Pain Index recently hit -40. The index has only hit that level a handful of other times over the last 8+ years. This implies there is *very* crowded short positioning in the dollar amongst FX funds. There's a lot of fuel to drive a sharp mean-reversion trade. pic.twitter.com/WzqzlCINLX — Alex Barrow (@MacroOps) […]
Chart of the Day – Thursday, July 9th, 2020
Today’s Chart of the Day was shared in a note from the team at All Star Charts (@allstarcharts). Gold has been in the spotlight lately as it flirts with all-time highs. Why do we care about all-time highs? It’s simple. When price is at an all-time high there’s little to no overhead supply to act as […]
Chart of the Day – Wednesday, July 31st, 2019
Today’s Chart of the Day was shared on Twitter by Jeroen Blokland (@jsblokland). It’s a chart of the US Dollar Index ($DXY) breaking out to a two-year high today after the Federal Reserve announced their decision to cut interest rates by 25 basis points. For those unfamiliar with the US Dollar Index, it’s used to […]
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