Even though the US dollar and euro seemed to have had decent moves in the past 6 months, the 30,000 foot view of both reveals that they are at the same price point as they were 11 years ago.
Both have done nothing more than trade sideways, inside a channel for the past decade. Jason from Sentiment Trader shows that sentiment toward both is at extremes.
If King Dollar breaks resistance, it could be a portfolio game changer.
What happens here -- breakout or failed break from channel -- could well become the most important currency event in a decade. What these two key currencies do going forward will tell us a great deal about owning commodities (Gold, Silver and the Miners) and whether or not deflation has run its course or is about to pick up speed.
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI