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U.S. Dollar Rallies as Gold Futures Falls

On the heels of a stunning GOP victory by President Elect Donald Trump, the U.S. major indexes have been on a tear, thrashing all-time highs during this proclaimed “Trump Rally”. Alongside the DOW, S&P 500 & NASDAQ lies the US Dollar Futures Index (DX) flirting with records of its own as Wall St. embraces the pending changes at 1600 Pennsylvania Ave.

While the US Dollar Futures Index is trading at highs last seen in April 2003, Gold Futures is on a sharp decline, trading at is lowest levels since June 2016. With a FED rate hike likely in December, strengthening the case for U.S. Dollar, economists suggest it’s possible for Gold struggles to continue.

The following chart, created for FREE using NinjaTrader, powered by the End of Day Kinetick data feed, shows the relationship between Gold Futures and The US Dollar Futures Index. Note, the blue circles mark both the bullish and bearish market trends for each instrument post-Election day. Monitoring instrument pairs is made easy thanks to the multi-series charting capabilities in NinjaTrader!

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Download NinjaTrader for FREE and monitor the behavior your investments during this post Presidential election rally & beyond!