Is the Dollar Over Sold? (1/26/23)

(1/26/23) Domestic Markets on Wednesday performed a sold re-test of support, with the 50-DMA very close to crossing the 200-DMA, "The Golden Cross," suggesting higher asset prices. Markets are on a Buy-signal, but not yet exceedingly over-bought, with more room to go. International Markets have been performing well since the first of the year on the back of the Dollar. But the Dollar is over-sold, and there's a risk to international companies from the Dollar strengthening, making Dollar-based good more expensive. International markets, too, have a Golden Cross set up, with the 50-DMA in position to cross the 200-DMA. Since International's are over-bought at this point, however, we're waiting for a correction. Similarly, Emerging Markets have performed well in January, with its own Golden Cross forming, which is bullish for this sector. But Emerging Markets are extremely over-bought, and are even more sensitive to shifts in the US Economy and the Dollar because they are export-based commodity countries. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=o7GfNgRcmZQ&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #Dollar #Currency #Commodities #Gold #EmergingMarkets #Markets #Money #Investing