Long Term DXY and inflation - Where is the Future for the $
This chart shows DXY since 2008, when it began its current Long term trend in an ascending channel, with various events helping it along, Most recently, the War in Ukraine.
The Indicator at the base of the chart is US inflation ticker and it goes RED when inflation is over the 2% mark, as suggested by FOMC way back in the 1990's
As we can see, PA has once again bounced off the 0.5 Fib retracement lines as it did last time ( Arrowed)
On that occasion it took 2 months to rise 3.9%, which, on this occasion, it has already nearly managed to do, possibly because the FED has already stated that Rate Will continue to rise. We also have the FOMC meeting Minutes released to day that will no doubt help it along.
The world is a different place from when we were last in this "pattern" and more countries are pulling Away from the use of the $ as an international currency, possibly the biggest blow to the $ Is that OPEC is moving away and replacing the Petro$, which had contractual obligation to also invest in US Stocks and Bonds.
China, Iran and Russia are also amoung a number of countries moving away from using the $ as an international settlement currency
This will cost the USA a LOT and will ultimetly devalue the $
Chances are that longer Term, the DXY may fall out of this ascending channel. Will it descend to the March 2008 All Time LOW of $0.7 ?
Who knows but the USA Needs to pull a trick out the bag to sustain this level of growth
Sadly, WAR is an option for the Worlds Largest weapons producer but that will only be a temporary solution
INDUSTRY and TECHNOLOGY is the Future for the USA and that should include CRYPTO. But, because the USA IS a Bank, THE Leading Traditional Finance Market, it is fighting it and NOT adopting it.
Could the American $ Empire be the shortest lived empire ever ?
The Indicator at the base of the chart is US inflation ticker and it goes RED when inflation is over the 2% mark, as suggested by FOMC way back in the 1990's
As we can see, PA has once again bounced off the 0.5 Fib retracement lines as it did last time ( Arrowed)
On that occasion it took 2 months to rise 3.9%, which, on this occasion, it has already nearly managed to do, possibly because the FED has already stated that Rate Will continue to rise. We also have the FOMC meeting Minutes released to day that will no doubt help it along.
The world is a different place from when we were last in this "pattern" and more countries are pulling Away from the use of the $ as an international currency, possibly the biggest blow to the $ Is that OPEC is moving away and replacing the Petro$, which had contractual obligation to also invest in US Stocks and Bonds.
China, Iran and Russia are also amoung a number of countries moving away from using the $ as an international settlement currency
This will cost the USA a LOT and will ultimetly devalue the $
Chances are that longer Term, the DXY may fall out of this ascending channel. Will it descend to the March 2008 All Time LOW of $0.7 ?
Who knows but the USA Needs to pull a trick out the bag to sustain this level of growth
Sadly, WAR is an option for the Worlds Largest weapons producer but that will only be a temporary solution
INDUSTRY and TECHNOLOGY is the Future for the USA and that should include CRYPTO. But, because the USA IS a Bank, THE Leading Traditional Finance Market, it is fighting it and NOT adopting it.
Could the American $ Empire be the shortest lived empire ever ?