The 'Stimulus Optimism Trade' is back Around the world, major fiat currencies are looking at major devaluation. In the US, a stimulus deal is in the works with a bipartisan group of lawmakers in discussions for $900+ billion deal to stimulate the economy. Last month's jobs report showed that economic recovery is slowing down. This may have tipped Democrats...
EUR / USD very soon to break the most important trendline of the history We could see a big devaluation of the dollar against the euro in the following years Time to exit the fiat system ?
There is some issue regarding the dollar at this point. The devaluation could be in the process so far there are a lot of things behind but let's make it easier. If price breaks from this rising trendline lower It could lead price further lower indicating bearish domination. Expect S1 or S2 of weekly pivot if this breakout happens lower with strong momentum.
downfall of the dollar ?? Thanks for viewing the chart and please leave a like as a sign of appreciation for taking my time and I will thank you for taking yours aswell Cheers and may God bless
Within this 4 hour block I expect a super move of a CAD and JPY combined dump. This will cause XXXCAD and XXXJPY to rocket into orbit. Because of XXXCAD and XXXJPY rockets, XXXUSD will rocket too. It is caused by UJ seasonality. It's the final opening bell. That's why it has taken so long to prepare and that's why yesterday was that flat. Mysteriously I have no...
The ones controlling the dollar want to fight back (Trump & cie have announced a while ago). Might happen in 3 weeks once summer is over. Right now the euro is so devaluated and everything... I think downside is limited, but upside can be so strong. It could still go down but seriously... the system would get so broken.... What more can they do? Literally...
Donald Trump wants to devaluate the US dollar. From the South China Morning Post: "The euro – which has dropped nearly 10 per cent against the dollar since early 2018 – is 22 per cent undervalued versus the greenback, according to a purchasing power parity measure of the Organisation for Economic Cooperation and Development. The dollar itself is considered too...
The Yen is the ultimate Safe Haven currency and appreciates against the Dollar and majors during a Crisis. The danger of using the Yen (as an alternative to the US dollar) is that the uncompetitiveness of exports might cause a sudden devaluation like in 1996 or in 2013 with Quantitative Easing
IMO USD had to devalue much earlier. Perhaps already as early as March
USDCHF follows USDJPY and USDCAD because of the correlating common denominator USD
Exotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe! Long term bullish on USDTRY but we might see a retrace from higher...
it was a fantastic ride up....don't get stuck in high altitude though
As the FED continues to push for policy normalisation, it is unable to do so and maintain its mandate for keeping stock propped up (more formally known as the 'wealth effect' or explicitly acted upon in the eyes of 'ensuring market stability'). A pricy dollar does not economically benefit the US, for example: with much exposure to energy junk debt through its...
I called the 1/7 breakout up to 465, exactly! Unfortunately, it came much quicker than expected and I didn't get a chance to take profits. So I'm still 100% long. We've seen some colidation back down to the 440 level. Overnight and into today, we saw a sustained breach of the bearish trendline from the 465 high. This looks bullish to me and with my expectation for...
The cryptocurrencies have been back in the news recently, in light of Bitcoins astronomic resurgence. Although it would be naive to believe that any one thing can be the driver behind the 150% increase over the past few months, significant parallels however can be drawn with what has been going on in China. Now, I don't want to bore you, but for those who don't...
Tenge exchange rate formula Exchange rate = 16 500 / Brent oil
The devaluation of other currencies against the dollar has made Chinese exports less competitive and affect the growth of this country. China faces its slowdown with interest rate cuts . This monetary policy , reduced export competitiveness and economic slowdown justify a future policy of devaluation of the yuan. Buy and hold USDCNY
The term 'currency manipulator' should be useful for the US again to label China ;) Who will win this devaluation war? Absolutely no one when everyone is devaluaing their currency, and even US will probably not raise rates during December.