TradingView

EURUSD and Tesla most popular assets in the world

FX:EURUSD   Euro / U.S. Dollar
Encouraged by the great feedback we received when we had a look at the most popularly-searched for assets in America – we’ve gone and done the same for the whole world.

For the month of July, EURUSD was the most enquired about symbol, taking the top slot in 140 countries worldwide, eight times more popular than its closest rivals Tesla (17) GBPUSD (14) and BTCUSD (13).

There were some country-specific outliers of course: Russia’s most popular asset was Sberbank, Brazil the Ibovespa index and India the Nifty 50 Index.

As we mentioned in our last post on the topic, Tesla rules in America (with Bitcoin not far behind), but it’s also proven incredibly popular in Canada, New Zealand, Scandinavia, Saudia Arabia and even Greenland. Meanwhile, Apple was the most popular symbol in Taiwan only.

Perhaps most interesting of all, our data shone a little spotlight (as you’d imagine, search volume is low) on the most popular market interests of locations little associated with trading, including:

North Korea: BTCUSD
The Vatican: TRGP
Chad: USDJPY
Antarctica: TSLA

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Comments

DXY always... ALWAYS... A-L-W-A-Y-S... Gets hammered right before a major devaluation of, the 'COLLECTIVE' of other asset classes... STOCKS, especially CRYPTOS, and even gold & silver...

In fact, it's coupled with the reason those assets rise... It's called 'DISTRIBUTION'...

When assets, universally, become overvalued and reach their blowout phase, the 3 CARD MONTY game that is played is to get RETAIL to buy those assets & meanwhile, paint the picture that the DOLLAR IS TOAST...

It happened massively in 2008, and it even 'blinked' recently in 2020 when the CoVid thing heated up... (which only led to the S&P staging the most miraculous rebound in HISTORY, which we are still witnessing, and nobody understands because it is 180 degrees divorced from economic reality)... & whereby, the BILLIONAIRES in the world, have added more than $750 billion to their net worth, while RETAIL has already spent their $1200 stimulus check months ago and is mostly just hoping that the rent moratorium gets extended)...

What's the purpose? SIMPLE... There is only ONE POOL OF LIQUIDITY that can handle a massive TRANSFER OF WEALTH (which is, stocks, cryptos, gold, silver, everything)... That POOL OF LIQUIDITY is called CASH... and, for now, there is STILL only ONE denomination... The US DOLLAR...

When the RICH want to preserve their wealth... They trash the dollar and pump up worthless & semi worthless assets (for a bit), like Tesla stock, AAPL stock, and EuroDollars... Then? out of nowhere ~ they pull the old sleight of hand maneuver... SELL ALL THOSE ASSETS (into what? DOLLARS)... Create a panic out of nowhere, & when RETAIL & Robinhood traders PANIC & sell their holdings... The RICH, then, buy all those same assets back at a fraction of the price...

This has been going on a long time, (going back to ROMAN EMPIRE times & before), but there are always new generations of TOURISTS who come to the big city on vacation and want to TRY THEIR LUCK at the 3 CARD MONTY GAME...

Good Luck my friends!
+36 Reply
KlydeFrawg mackbrown
@mackbrown, well said
+1 Reply
mackbrown KlydeFrawg
@KlydeFrawg, Thank you... I can't predict when that moment will be (or at what level of the DXY)... RIGHT HERE would, actually, be a viable FIB level, but that may or may not happen (there are always OTHER fib levels ~ which also include 'time')... It all depends on what LEVEL & TIME its predetermined to be... [THEN? they create the proper NEWSFLOW to surround it, so as to 'BLAME IT ON SOMETHING}...

I could offer my predictions as to how & when it will play out, but they would be of no value to anybody reading...
+5 Reply
sanjin999 mackbrown
@mackbrown, so... hold dollars?
Reply
mackbrown sanjin999
@sanjin999, I think DXY is oversold...Yesterday, the DXY hit the .236 fib retracement from the Jan 2018 low to the March COVID high...

Remember January 2018 was when BTC had peaked and ETH was at ATH... The atmosphere is very similar now with TSLA & AAPL...

At minumum, the dollar might find temporary support here around 92 (like it did yesterday and may be in store for a short term rally at least back up to the 200 week MA (just above 96)... That's a big move for a currency and I'm talking WEEKLY candles here, so the move may eat up 6 weeks or more...

That's not a time when I would want to be holding stocks, or cryptos (and even gold & silver should correct)...

You gotta go to the WAY BACK machine (weekly & monthly candles), to really see the clearer long term picture... March 2008 was when Bear Stearns blew up and that's right about when the dollar was lowest...

Something similar might be in the cards... (which means that DXY may eventually hit 80 or so)... But I doubt it goes there in a straight line without at least a retest of the 200w MA... In 2002 -2003 it DID NOT happen that ay, but that as the middle of the DOT COM bubble crash and the Iraq invasion so it's not a great comparison
Reply
Aerism mackbrown
@mackbrown, So you are actually talking about the wealth cycles, in which we now can see the change from assets to dollars.
Reply
@Aerism, I've never heard the exact term 'wealth cycles'... But YES ~ assets to dollars is how it still plays out...

Let's put this another way... The ENTIRE MARKET CAP of all cryptos combined is something like $329 billion as we speak (and it's probably OVERVALUED, at minimum, by a factor of 4... 80% of those cryptos are plain WORTHLESS tokens that will fold up eventually (like PETS.COM back in the 90s')...

So let's say that BEZOS wants to offload some of his AMZN stock (to 'monetize' his wealth)... Or Zuckerberg offloads FB, or Bill Gates MSFT, or Larry Ellison ORACLE, Musk with TSLA, & down the line...

Do you really think any of them are gonna BUY BTC??? at these levels??? You can't even do that anyway... There is zero exchange in the world where you can offload 10,000, or whatever, TSLA shares straight into BTC... You need DOLLARS...

That's why DOLLAR CHEAPENING always precedes asset price selloffs...

We're witnessing SOME OF that today... With DXY UP, and TSLA,AAPL, &NDX all down in an IMPULSE MOVE...

It's also why it takes awhile to happen... How?... Because when RETAIL witness these PARABOLIC blowoffs, the psychology is that the say to themselves "OK, I'm gonna play this SMART and set a BUY LIMIT... All those BUY LIMIT orders get stacked up there on Robinhood for awhile, and wwhen there are enough of them to make things worthhile... The WHALES initiate a massive sale (which triggers all the BUYS...

lol ~ so now the Robinhooders are all happy that their BUY LIMIT ORDER got triggered, only to see the market down another 5% shortly thereafter... Then THEY panic & sell and it continues until it finally finds its virgin point of control...

Whereby, in this latest runup, there are no less than 17 VPOC's going down many hundreds of S&P points...

Same 3 card Monty ~ different day...
+1 Reply
trader100ace mackbrown
@mackbrown, Interesting post, thanks. I need to research and think about this more.
+1 Reply
mackbrown trader100ace
@trader100ace, Be my guest my friend (but allow me to narrow your search)...

There is ZERO NEED to look before 1971 while (Bretton Woods was still intact)...

- PLAZA ACCORD
- Establishment of EU (which, had some coincidence to LTCM)
- & yes, the real estate bubble

Those are the more MACRO TIMEFRAMES (which, progressively, put you into the smaller timeframes)...

IN SUMMARY ~ THE DXY is what IT'S ALL ABOUT & HAS BEEN ABOUT ALL ALONG...

When the dollar is ABOUT TO CRASH (or, gets super cheap)... That's just about when a MAJOR FINANCIAL CRASH is on the horizon... THIS TIME AROUND ~ it MAY ACTUALLY BE ~ the PROVERBIAL ~ GREAT FINANCIAL RESET...

I don't even post comments anymore on the CRYPTO threads here (because of the vitriol that I receive from '2 da MOONERS')...

Frankly ~ I'm not insulted by that...

They're 'speedboaters'... DXY is like steering an OCEAN LINER...
+3 Reply
trader100ace mackbrown
@mackbrown, Many thanks. I can feel something starting to click in my mind about what you are saying. I'm definitely going to look into this more.
+1 Reply
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