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1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?)
2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level )
3. Next inflation data (Dec 10) and trade balances will be crucial data
4. Dollar price will affect most of your trades:
- metals (negative correlation- especially Gold , Silver , Copper )
- indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes )
- stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar)
- Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level )
3. Next inflation data (Dec 10) and trade balances will be crucial data
4. Dollar price will affect most of your trades:
- metals (negative correlation- especially Gold , Silver , Copper )
- indices (positive coefficients, which means that as the value of the U.S. dollar increases, so do the stock indexes )
- stocks (which shares to choose / which to sell / how to diversify and hedge - 40% of shares follow the dollar)
- Bitcoin (the new safe haven to many may increase dramatically if the dollar crashes)
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🌐 Audited Live Account: http://www.myfxbook.com/members/Kyri/fxprofessor-2021-ctrader-topfx/7927689
🌐 Looking for something else? Goto http://www.fxprofessor.com
Comments
wish u the best.
Why hasn't all this money "printing" had a greater effect on DXY? Something to consider, with all this talk of debt cancellation, if USD is debt, then canceling debt is actually removing supply. How mega bullish is that for USD and what effect will that have on Gold, equities, and certainly crypto? If investors are so certain gold is going to $5000 an Oz., then why are dealers so willing to sell it to you? What a great little trick to play on poor old investors wanting to protect their wealth. USD is king.
To answer a small part (Why hasn't all this money "printing" had a greater effect on DXY? ):
Well, DXY measures the value of the $ against other major currencies ..and they are also printing 😉so the question is IF the $ 💪🤠is doing better or worse against the euro👵, gbp👸, aud🦘, cankee dollar🍁 , chf🧀, jpy🍣 and the rest! 😺