Fed allowed USD to get so strong that manufacturers are negatively affected | Metals Mine

Fed allowed USD to get so strong that manufacturers are negatively affected | Metals Mine

Fed allowed USD to get so strong that manufacturers are negatively affected

As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic!
— Donald J. Trump (@realDonaldTrump) October 1, 2019

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Oct 1, 2019 10:34am

Quoting sadeghi

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you were right, that time you and many others said that strong usd lower manufacturing and trade balance but there weren't the ears to hear,

Ignored

If the trade war was to cease today - USD would eventually get weaker. It would provide stability and finally allow other economies globally to breathe a sigh of relief and emerging markets would benefit strongly on this end. We'll keep cutting rates for what? When the economy is moving strong - what would then be used when there is a potential downside risk? It makes no sense to keep cutting rates it makes more sense to get the trade issue out of the way. Why is it that almost every central bank that cut rates so far cited US/China trade deal as the major thorn? It's because it's dampening economic outlook, it's been pegging back/forth with no real progress, and every other economy is getting slammed because of it.

4

Oct 1, 2019 9:51am

Despite the report, which names his trade war as the most damaging element, Trump is looking to blame someone else. Winter is coming.

2

Oct 1, 2019 1:24pm

Quoting sadeghi

Disliked

{quote} based on what you are saying the us' economics is getting strong?! it's not true based on released data, we should sometimes allow that data speak instead of us. you think there is currently no potential downside risk?! the deep concession like 1930 will happen if the fed act based on the policy you stated, that concession happened for the policymakers who were like you. when should the fed use its instruments? and what instruments do they have to use? they have no choice but using purchasing bond or lowering rate. Given being high the volume...

Ignored

In comparison to other countries currently USD data is stronger is that a lie or no? What I said is the economy is moving strong in that it's still resilient to everything that's happening around us, but like everything in life it'll eventually have an ending point. There is potential downside risk what I'm saying is the US/China trade dealings are a major cause to that as well. Inflation is a global issue a lot of countries are struggling with that. What policy did I state? Cutting the rates isn't going to solve anything there must be other solutions that can be thought of. I'm sure you have a great one in mind you can tell us about.

2

Oct 1, 2019 10:01am

Quoting masouda1367

Disliked

Stop tweeting! You are fucking the market via tweeter

Ignored

*fixing the market

1

Oct 1, 2019 10:39am

Quoting sadeghi

Disliked

{quote} please take a look at NZD, AUD, EUR and CHF, Market needed a fresh air, fluctuations weren't for Trump's tweet but because of awful data.

Ignored

The run of the dollar was obviously overdone, traders were blinded by poor performances of other economies.

Oct 1, 2019 1:08pm

Hoep the USD drops a little strength in order to start regaining it slowly... later... otherwise
we are headed in some serious interventions.. Should it drop closer to parity (eurusd wise)... they might not have a choice...

Oct 1, 2019 10:29am

Quoting masouda1367

Disliked

Stop tweeting! You are fucking the market via tweeter

Ignored

please take a look at NZD, AUD, EUR and CHF, Market needed a fresh air, fluctuations weren't for Trump's tweet but because of awful data.

Oct 1, 2019 11:41am

Quoting Momofrmnyc

Disliked

{quote} If the trade war was to cease today - USD would eventually get weaker. It would provide stability and finally allow other economies globally to breathe a sigh of relief and emerging markets would benefit strongly on this end. We'll keep cutting rates for what? When the economy is moving strong - what would then be used when there is a potential downside risk? It makes no sense to keep cutting rates it makes more sense to get the trade issue out of the way. Why is it that almost every central bank that cut rates so far cited US/China trade...

Ignored

based on what you are saying the us' economics is getting strong?! it's not true based on released data, we should sometimes allow that data speak instead of us.
you think there is currently no potential downside risk?!
the deep concession like 1930 will happen if the fed act based on the policy you stated, that concession happened for the policymakers who were like you.
when should the fed use its instruments? and what instruments do they have to use? they have no choice but using purchasing bond or lowering rate. Given being high the volume of debt and besides, being fairly high the fed rate in comparison to the others countries, purchasing bond isn't a good choice. furthermore, inflation is still under target and the more important point is being low the consumer's expenditures. now, will you tell me what the fed have to do?

Oct 2, 2019 2:35am

Quoting MicksMoney

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There's always a risk of a correction when markets move in one direction so long, especially when it is making historic highs like the dollar has...

Ignored

Historic highs?
It would have to go below .55 for it to be called a historic high! In it's history, it has spent quite a time below current level, i.e. being higer that what it is, at least compared to the Euro.

Oct 1, 2019 5:03pm

There's always a risk of a correction when markets move in one direction so long, especially when it is making historic highs like the dollar has.

But remember, it is the market that doesn't lie.

And the trend, is your friend. And I would add the corollary: The longer the trend, the harder to bend.

Oct 1, 2019 9:45am

Stop tweeting!
You are fucking the market via tweeter

1

Oct 1, 2019 10:10am

Now its Yen's turn to be the safe haven, this morning it was the USD.

Oct 1, 2019 10:14am

Are we going to get another surprise on Friday?

Oct 1, 2019 10:22am

soap slippin out of your hands DoN?

Oct 1, 2019 9:51am

you were right, that time you and many others said that strong usd lower manufacturing and trade balance but there weren't the ears to hear,

Oct 1, 2019 11:45am

One the other side of the coin - currencies are ripe and ready for a substantial correction. The timing has arrived from a technical standpoint. Be ready to reverse! (either this week or next week)

Oct 1, 2019 9:44am

This is the first time he say something right

Oct 1, 2019 11:06am

Quoting Bakker

Disliked

{quote} The run of the dollar was obviously overdone, traders were blinded by poor performances of other economies.

Ignored

poor performance of other economies suggests stay with the dollar to me. Maybe a little pull back but EU is still wingin' it for quite some time now. Show me a some kind of stability before I'm convinced. US economy would mega crush data if rates tick down which is unnecessary. Powell likes it Low and slow baby!

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Oct 1, 2019 9:38am
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