US Dollar, is this the long awaited dethrone of the allmighty?
USD we are witnessing right now?
For many years/decades people have suggested, that the allmighty US Dollar will loose his predominant position in the world.
But this did not happen. And all the prohets predicting this were proven wrong.
But is this what we are witnessing now in these days some kind of a tectonial shift away from the USD Dollar?
There are many reasons one could argue, that the USD should go weaker. For example the pandemic has reduced greatly international trades,
so that the need to have Dollar to setle trades is much lower. And because of the trade disputes/wars the US has started,
many countries have built up alternative means of settling international trades bypassing the USD.
This has been done for some time now, but has not yet been able to impact in mayor way the allmighty USD, not yet.
The rise of Bitcoin, of Gold, of even Crudeoil, even thought there are overcapacities and renewable energies will replace oil in the not so distant future,
of the EURO, which is still a "Frankenstein"-currency and the ECB the best they can to undermine the value of this currency, even this monster is gaining against the Dollar.
In the moment you can buy next to everyhing, which is quoted in Dollar, (not TRY, HUF or sth. of these even shitier currencies).
And the rise of Bitcoin to ATH or the JPY gaining strenth towards 100 Level, or even Gold raising,
is maybe more driven by the weakness of USD than the strength of the other asset/currency.
Could we see a "Blowoff-Scenario", were things start to explode and get out of hands?
For example the EURO, EUR/USD
After the break of 1,20, this currency could blowoff the highs of 2018 and go to 1,288 in a matter of days, and then continue to strenghten,
so that all major central banks will come together to start discussing ways to help the USD, because this could eventually crush this "little" thing they have carefully built up,
called the USD-based-monetary system as we know it.
It is not a prediction, is not financial advise, I know my opinion does not matter whatssoever,
but my gutsfeeling tells me, after looking for many decades the markets,
that something weird and very strange, perfectly unusual is going on here, right now, behind the scenes.
We will see what happens next. I for myself try to avoid the US-Dollar as much as possible.
For many years/decades people have suggested, that the allmighty US Dollar will loose his predominant position in the world.
But this did not happen. And all the prohets predicting this were proven wrong.
But is this what we are witnessing now in these days some kind of a tectonial shift away from the USD Dollar?
There are many reasons one could argue, that the USD should go weaker. For example the pandemic has reduced greatly international trades,
so that the need to have Dollar to setle trades is much lower. And because of the trade disputes/wars the US has started,
many countries have built up alternative means of settling international trades bypassing the USD.
This has been done for some time now, but has not yet been able to impact in mayor way the allmighty USD, not yet.
The rise of Bitcoin, of Gold, of even Crudeoil, even thought there are overcapacities and renewable energies will replace oil in the not so distant future,
of the EURO, which is still a "Frankenstein"-currency and the ECB the best they can to undermine the value of this currency, even this monster is gaining against the Dollar.
In the moment you can buy next to everyhing, which is quoted in Dollar, (not TRY, HUF or sth. of these even shitier currencies).
And the rise of Bitcoin to ATH or the JPY gaining strenth towards 100 Level, or even Gold raising,
is maybe more driven by the weakness of USD than the strength of the other asset/currency.
Could we see a "Blowoff-Scenario", were things start to explode and get out of hands?
For example the EURO, EUR/USD
After the break of 1,20, this currency could blowoff the highs of 2018 and go to 1,288 in a matter of days, and then continue to strenghten,
so that all major central banks will come together to start discussing ways to help the USD, because this could eventually crush this "little" thing they have carefully built up,
called the USD-based-monetary system as we know it.
It is not a prediction, is not financial advise, I know my opinion does not matter whatssoever,
but my gutsfeeling tells me, after looking for many decades the markets,
that something weird and very strange, perfectly unusual is going on here, right now, behind the scenes.
We will see what happens next. I for myself try to avoid the US-Dollar as much as possible.
Order cancelled:
Sorry, I did not know (I am new here) to put buy/sell prediction the right way, so it shows EUR/USD short, which is, as descbribed in the text, exactly the wrong way.
I meant EUR/USD long with target 1,288 before years end, with a stop-buy order of 1,2174 (last day top).
I meant EUR/USD long with target 1,288 before years end, with a stop-buy order of 1,2174 (last day top).