Markets don’t usually shout at major turning points — but they do sound warning signals. In a recent video clip from Market on Close, Senior Market Strategist John Rowland, CMT, highlights something few investors can ignore: the U.S. Dollar Index ($DXY) has slipped below an up-sloping trendline that has held for more than 14 years. More News from Barchart That doesn’t guarantee a dollar collapse, but it does spark an important conversation. Why This Dollar Level Matters Since 2011, the dollar has resp ...

The weaker dollar is failing to spur bitcoin's (BTC) usual rally, and J.P. Morgan Private Bank explains the unexpected behavior as a window into the nature of the U.S. currency's decline. The Dollar Index (DXY), which measures the greenback against a basket of peers, has dropped 10% in the past year. Bitcoin, which historically gains during periods of dollar weakness, lost 13% in the same period, CoinDesk data show. The CoinDesk 20 index (CD20), a measure of the largest digital assets, fell 28%. The dif ...

Core Insights - Ray Dalio warns of sustained long-term weakness of the US dollar against gold and major currencies, predicting a decisive shift in global capital flows by 2025 [1] - The dollar has declined 39% against gold, 12% against the euro, and 13% against the Swiss franc [1] - Gold has returned 65% in dollar terms, significantly outperforming the S&P 500 by 47% [2] Currency Performance - The S&P 500 fell by 28% in gold-money terms, while European stocks outperformed US equities by 23% and Chinese stocks by 21% [3] - The decline of the dollar is attributed to structural fiscal imbalances and changing expectations for monetary policy [3] Debt and Fiscal Policy - A significant amount of debt, nearly $10 trillion, will need to be rolled over, with simultaneous Fed easing making debt assets less appealing [4] - The expectation of a further steepening of the yield curve is probable [4] Political and Economic Implications - Current policies aimed at revitalizing manufacturing are widening wealth gaps, with the affordability issue expected to be a major political topic [5] - Geopolitical shifts are accelerating dollar weakness, with a transition from multilateralism to unilateralism noted for 2025 [6] Financial Conditions - The US bond market is experiencing its steepest yield curve since 2021, with a spread of 140 basis points between two-year and 30-year Treasuries [7]

Group 1 - The articles contain fragmented and unclear data, making it difficult to extract coherent insights about specific companies or industries [1][2][3][4] - There is a mention of various numerical values and percentages, but without context, their relevance to any particular company or industry remains ambiguous [1][2] - The presence of names and terms related to financial metrics suggests a focus on market analysis, yet the lack of structured information limits the ability to draw meaningful conclusions [1][2][3]

Dollar Weakness Drivers - The dollar's longer-term downtrend is driven by cyclical and structural changes, including slowing growth and inflation, and the current account deficit [2][3] - Unexpected softness in inflation data has recently accelerated dollar weakness, shifting expectations towards more aggressive rate cuts from the Federal Reserve next year [3] - Reduction in global demand for assets may be contributing to dollar weakness [4] Market Factors and Events - Upcoming US retail sales report and Federal Reserve rate decision are important news events for the dollar [5] - Potential details on unilateral tariffs from the Trump administration could cause a near-term safe haven bid in the dollar [6] - The Federal Reserve may eventually push the button on rate cuts in Q4 [6] Yen and Central Bank Policy - BOJ (Bank of Japan) has been unpredictable and unconventional, with yen volatility creating trading opportunities [7][8] - Tariffs influenced BOJ's decision-making regarding interest rates [8]