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Cool Video: Bloomberg TV Clip-Dollar Developments

August 21, 2018
The US dollar was sliding as I joined Vonnie Quinn and Shery Ahn on the Bloomberg Markets show.   I tried making the case, as I have in recent posts, that the dollar's rally in the first half of the month had left it over-extended.  Most of the major currencies were outside of their Bollinger Bands a week ago and had begun correcting since Aug…
Cool Video: Bloomberg TV Clip-Dollar Developments Cool Video: Bloomberg TV Clip-Dollar Developments Reviewed by Marc Chandler on August 21, 2018 Rating: 5
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5 Things Investors Should Know About US Strategic Petroleum Reserves

August 21, 2018
1.  US Department of Energy announced yesterday it offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves.  The move has nothing to do with operationalizing President Trump's complaint that oil prices were too high.  Instead, the sales are part of the fiscal compromise in …
5 Things Investors Should Know About US Strategic Petroleum Reserves 5 Things Investors Should Know About US Strategic Petroleum Reserves Reviewed by Marc Chandler on August 21, 2018 Rating: 5
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Great Graphic: Head and Shoulders Top in Dollar Index

August 21, 2018
This Great Graphic depicts what appears to be a head and shoulders top in the hourly bar chart of the Dollar Index.  The neckline is found near 96.00 and rotating the pattern along it produces a measuring objective near 95.00.  
The bearish pattern was formed in the last few days, and the Dollar Index was resting near the neckline before Trump'…
Great Graphic: Head and Shoulders Top in Dollar Index Great Graphic: Head and Shoulders Top in Dollar Index Reviewed by Marc Chandler on August 21, 2018 Rating: 5
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Trump Comments Hit Dollar, Little Impact on Rates

August 21, 2018
The US dollar is broadly lower following President Trump's comments yesterday, criticising Fed policy and reiterating his previously made claim that China and the EU are manipulating their currencies.   We suggested that last week's presidential tweet that identified strong capital inflows into the US may not have been written by President…
Trump Comments Hit Dollar, Little Impact on Rates Trump Comments Hit Dollar, Little Impact on Rates Reviewed by Marc Chandler on August 21, 2018 Rating: 5
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Speculative Position Adjustments Include the first Net Short Euro Position in Over a Year Speculative Position Adjustments Include the first Net Short Euro Position in Over a Year Reviewed by Marc Chandler on August 20, 2018 Rating: 5
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