Technical Analyst - Global with an Asian focus, Aletheia Capital

Chris Roberts

Technical Analyst - Global with an Asian focus

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Technical Analysis

The US Dollar’s trend, even just against the majors, is either bullish or bearish, depending on which cross rate you’re focused on. This lack of trend conformity continues to create widely diverse opinions on the Dollar’s direction.The most important forex rate in the world is the US Dollar/Euro (EUR – 1.1610), that and the closely correlated US Dollar Index (DXY – 94.76) are the FX rates we focus most on in this report.Our view remains bullish on the Euro and, thus not surprisingly bearish on the US Dollar Index. The Euro’s advance out of the 28-month range between €1.0500-1.1500, the subsequent break above the August 2016 high of €1.1714 and the strong advance to €1.2092 cumulatively increase the odds that the Euro has registered a major cyclical low.A cyclical advance from January’s €1.0341 low targets the major resistance around €1.5000, a barrier for almost 40 years. The Euro’s recent decline is seen as corrective, and we are now approaching an area of great importance to our bullish Euro view.This report also features analysis of the Japanese Yen (JPY – 113.71), British Pound (GBP – 1.3171) and the Australian Dollar (AUD - 0.7691).

The US Dollar’s trend, even just against the majors, is either bullish or bearish, depending on which cross rate you’re focused on. This lack of trend conformity continues to create widely diverse opinions on the Dollar’s direction.The most important forex rate in the world is the US Dollar/Euro (EUR – 1.1610), that and the closely correlated US Dollar Index (DXY – 94.76) are the FX rates we focus most on in this report.Our view remains bullish on the Euro and, thus not surprisingly bearish on the US Dollar Index. The Euro’s advance out of the 28-month range between €1.0500-1.1500, the subsequent break above the August 2016 high of €1.1714 and the strong advance to €1.2092 cumulatively increase the odds that the Euro has registered a major cyclical low.A cyclical advance from January’s €1.0341 low targets the major resistance around €1.5000, a barrier for almost 40 years. The Euro’s recent decline is seen as corrective, and we are now approaching an area of great importance to our bullish Euro view.This report also features analysis of the Japanese Yen (JPY – 113.71), British Pound (GBP – 1.3171) and the Australian Dollar (AUD - 0.7691).

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

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Dollar Index (DXY CURNCY)

US Dollar: One Size Does Not Fit All

The US Dollar’s trend, even just against the majors, is either bullish or bearish, depending on which cross rate you’re focused on. This lack of...

Chris Roberts

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)