Chart of the Day – July 29, 2020

By: Chris Wenner in Charts 07/29/2020

The spot price of the Dollar, using the DXY Index, has gone from over 102 to under 94 in matter of 4 months (the current RSI on the DXY is 19 – which is oversold and then some).  This is a gigantic move in currency land.

USD gyrations often create ripple effects which are felt across other asset classes.  One of which has been that gold and other precious metals are breaking out to the upside.  Is the Dollar giving us signals for future moves in equities?

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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