FOREIGNERS DUMP THE DOLLAR, GOLD AND YEN ACT AS SAFE HAVEN, JPMORGAN HELPS STOCK MARKET, COOLER PPI
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Extraordinary Behavior
Please click here for a chart of the dollar index (DXY).
Note the following:
- The chart also shows gold ETF (GLD), Japanese currency yen ETF (FXY), S&P 500 ETF (SPY), and JPMorgan (JPM).
- The chart shows that the dollar index has fallen below the psychologically important level of 100.
- Unlike stocks, the dollar normally does not move as much as it has recently as shown on the chart. This move in the dollar is extraordinary.
- The chart shows the move in SPY when President Trump paused reciprocal tariffs.
April 11, 2025