DXY to .76 area for TVC:DXY by MatrixBits

beyondta dxy dxyshort

DXY to .76 area due to DEBT Turkey, China, and Russia are at battle with the US over the huge losses and the Tarriff. This may not be in the immediate future but Russia has already sold over $96+ billion and Turkey has sold most of the US Treasury's within the last few months. Everyone is dropping the dollar due to it being a poor investment. Even other news sources are reporting to buy gold not USD. I will continue to monitor the dollar this may cause huge economic damage.

Economic damage due to Tariff is huge.

China tariffs could raise consumers' tech bill $3.2 billion higher in 2019, trade group says

https://www.usatoday.com/story/tech/news/2018/08/17/china-tariffs-consumers-tech-products/1017028002/

Would Trump Administration Resort to Selling USD?
https://www.dailyfx.com/forex/video/technical_analysis/2018/08/09/Would-the-Trump-Administration-Resort-to-Selling-the-Dollar.html

Russia Drops all USD Holdings
https://www.cnbc.com/2018/07/29/treasury-department-report-shows-russian-holdings-of-us-debt-plunged.html

Turkey Sells All USD
https://www.bloomberg.com/view/articles/2018-08-16/turkey-s-u-s-treasury-dump-is-more-vexing-than-russia-s

Turkey Dumping More Debt of USD
https://www.businessinsider.com/turkish-lira-crisis-turkey-has-been-quietly-dumping-us-debt-2018-8

Auto Workers in US going out of business
https://www.businessinsider.com/trump-auto-car-tariff-proposal-states-with-most-auto-workers-2018-8

Comment:

I think Trump is going to cancel the interest rate increase. It’s just overall a bad choice for the dollar. They are going to lose more investors, more countries dumping treasuries and overall a poor investment. Unfortunately the lack of silver and gold has caught up with the USD. It has very little value other then “word” no gold, silver or metal backing.

Comment:

Trumps lawyer Michael Cohen was busted for 8 counts of fraud and including rigging the election.

Comment:

Russia has officially announced time to dump the dollar today.

I am only a speculative trader and this is not financial advise on trades.

- If you are losing money close the trade

- Start with .03-.05 units and learn to manage risk

- Don't take profits too early cheers!

MatrixBits

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