What to look for in the coming days/weeks $DXY US #Dollar is @ major support Strong is good BUT not overly strong as it is now Allies not a fan of this #BRICS garnering steam
What to look for in the coming days/weeks $DXY US #Dollar is @ major support Strong is good BUT not overly strong as it is now Allies not a fan of this #BRICS garnering steam
Current plan - DCA and chill into March, prep for the 2023 Q4 Bull Run 😏 🩰 Based on current events XRP has yet too reach settlement in their lawsuit... and being restricted in select US market furthers the need for regulatory clarity. Irony is that bridge currency's like Monero & Stellar Lumens aren't up against the same blockade. Personally I don't care how the...
Egypt Joins the BRICS New Development Bank the NDB finances infrastructure and sustainable development projects in areas such as energy, transportation, water, communications, and health. "Since 2016, the Bank has invested in multiple projects, including US$7.2 billion in India alone," RT reported, recalling that Egypt expressed an interest in becoming an NDB...
Something we've spoken on MANY TIMES Eventually, even friends, will get tired of US #Dollar as reserve #currency AGAIN, NOT STRONG Dollar but ALL #currencies weak They need to print that much more for trade! Look @ #BRICS & friends trading in other fiat #GOLD #Silver #BTC #DXY
After finding more gold than has been recorded to date, how low will gold sink? President Vladimir Putin said that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency. “The issue of creating an international reserve currency based on a basket of currencies of our countries is...
A requested currency pair - Technical and Fundamental view of USD/INR! Fundamentals: The countries of BRICS are facing a very difficult time especially India due to covid levels - fundamental aspects of there currency: They had kept rates unchanged, I expect that to continue for while. As The dollar decreases, I expect it to follow the trend it is going in...
South Africa, Russia, Brazil have together almost 500 million inhabitants, India has 1.3 billion and China 1.4 billion. Together they are home to over 40% of all Homo sapiens :) and represent about 30% of global GDP. They hold about $4.5 tn in currency reserves.
Watch out below, folks. It appears recent support may not hold in my custom BRICS index as Emerging Markets appear to be under extreme pressures. Recent news out of China, Malaysia and Mexico could lead to a complete EM market collapse. Chinese capital markets are under extreme pressure right now and over $1 trillion in equity shares have been pledged to...
Main themes are whether the continuing trend of de-dollarisation continues given the moves by BRICS to move away from the greenback and the SWIFT system. Showdown due for January 18', break below support would likely see a dramatic move down, if the DXY tests the resistance and goes higher, it will likely be a slower grind higher with the expectations of future...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS. India has felt its share of...