On January 29, 2010, In Technical Analysis, by Steve Warshaw
In the power-trader newsletter, we’ve been talking about the move lower in crude oil, and the correlation with the uptick in the U.S. Dollar. Today, crude oil broke below a very important trend line / rising channel, indicating further weakness in the commodity.
On February 4, 2009, In Market Updates, by Steve Warshaw
Have you ever heard this phrase? "The dollar is just paper, it has no value." If you were old enough to remember Richard Nixon’s election, then you remember a time when the U.S. dollar was based on something real, something significant, namely… Gold. However, in 1965, Richard Nixon made what could soon be the most [...]
