China and Europe playing big currency manipulation game

While he's the biggest market manipulator

NotAtrader

Jul 3, 2019 9:34am

Quoting sadeghi

Disliked

trump is absolutely right, why should eur, aud, gbp and other currencies agains usd be too low? i can't get its reason, there is only one reason: manipulation.

Ignored

Because the countries where EUR, AUD and GBP belong to, have much worse economy than what USA has.

NotAtrader

Jul 3, 2019 12:27pm

Quoting Mundo

Disliked

Tomorrow is 4th of July...Independence Day...Fireworks had to come from somewhere.

Ignored

I’ll pay for that. I love America. I really do.

Happy birthday to the greatest country and the greatest nation in the world!!!

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RossEdwards

Jul 3, 2019 10:26am

Some may laugh, but its actually worrying that Mr Trump appears (at least IMHO), unable to grasp the fundamentals of macroeconomics, and entertains some extraordinary persecution obsesion that the rest of the world is trying to shaft America and him personally as POTUS.. No disrespect to US colleagues but these outbursts, for guys that have know the business are getting a bit silly, and dangerous. It will be sad if Mr Trumps legacy ends in trade wars, deconstruction of Americas decades of carefully nurtured economic hegemony and strategic alliances, and tips us all into global recession.

ChiForex

Jul 3, 2019 10:04am

Lol..USD is actually very undervalued vs Euro and GBP. Both must be at best on parity level or below-to start saying overvalued!!!
US economy had been doing very well after Trump election.
Only that his FED and interest rates comments are very off-base and ruining the USD advance.
If he can just focus on his job as a president and leave the financial sector to the FED to decide independently and without his always pressuring!!!

Mundo

Jul 3, 2019 12:19pm

Tomorrow is 4th of July...Independence Day...Fireworks had to come from somewhere.

sunpied

Jul 3, 2019 9:29am

He opened long position on eu

ffmonry

Jul 3, 2019 10:03am

sell sell euro 1.1000 next week

Haas9

Jul 4, 2019 3:54am

Quoting sadeghi

Disliked

{quote} how about china?!!! take a look at the trade balance between china and us?!!! why must it be that negative? you think china productions are much better than us?! no, it's not like this buddy, they did it with devaluing currency, they make their productions more competitive with devaluing. don't you really accept this reality usd currently is too expensive? it seems obvious to me, let me ask you a question, at the moment, being expensive usd is in favor of us's economy or other countries? i think the answer is clear.

Ignored

Trade balance is negative cause employee in china earn 100 dollar per month i don't know if employers in USA are ready to earn 100 dollar per month and live like chinese people so they can produce cheaper products.

JensOhle

Jul 3, 2019 9:43am

Quoting sadeghi

Disliked

trump is absolutely right, why should eur, aud, gbp and other currencies agains usd be too low? i can't get its reason, there is only one reason: manipulation.

Ignored

Come on, that's "market primary school" ... yield differentials, simple ... why should a currrency of a country should be valuable if it pays less interesst? ... Well, their could be other releveant (read: huge) reasons why "the world" wants to buy a low yielding currency. E.g. the country issues the reserve curreny of the world (EU: no, China: no) or the country runs a huge trade surplus and factors most of it in its currency (EU: not much, China: no) ... let me phrase it differently? Why should the world buy Euro when the Eurozone (in its total) has not yet recovered from the 2007/2008 collapse? ...

Now you: Why should the world ask for Euros?

Muhammedfx

Jul 3, 2019 1:16pm

Quoting NotAtrader

Disliked

{quote} I’ll pay for that. I love America. I really do. Happy birthday to the greatest country and the greatest nation in the world!!! {image}

Ignored

America is neither greatest neither best. So pls suck it up.

Jul 3, 2019 9:28am

trump is absolutely right, why should eur, aud, gbp and other currencies agains usd be too low? i can't get its reason, there is only one reason: manipulation.

pridolfx

Jul 3, 2019 2:12pm

and why russian rubble is not so strong like usd or eur??

2Greedy

Jul 3, 2019 9:27am

Thank you for the spike

Jul 3, 2019 9:36am

Yay, Trump wants to manipulate the currency markets. What could possibly go wrong?

Jul 3, 2019 10:35am

Quoting ChiForex

Disliked

Lol..USD is actually very undervalued vs Euro and GBP. Both must be at best on parity level or below-to start saying overvalued!!!

Ignored

USD is overvalued by 1000-2000 pips. The market will fix that in time...

Jul 3, 2019 11:37am

Quoting Muhammedfx

Disliked

I think he is correct. all world currencies are undervalued at this point of time and it continues, this mad race of weakening own currency is SO FUCKING annoying. it's like making our own currency look like a beggar in front of the world. what kind of fucked up policies they are applying which wants their own money to look weak.

Ignored

How come no one has mentioned all the junk bonds that US has sold to China?
Is it correct that the stronger USD is, the higher interest they have to pay on those bonds and the weaker USD is, the less interest?
If that is the case , US should want a weaker currency.
Can someone who knows about this stuff comment on China bonds please?

Jul 3, 2019 12:15pm

If he was so honest, he would tweet that he is fully in charge of transforming capitalism into fascism to counter its failures.
China managed to dig itself out of having to deal with a starving population into a superpower but in that same span of time, US has descended to a point where it has to compete with a previously starving country.
Desperate times call for desperate measures and Humpty Trumpy is the man for you to do it.

Jul 3, 2019 12:28pm

Quoting Mundo

Disliked

Tomorrow is 4th of July...Independence Day...Fireworks had to come from somewhere.

Ignored

Not to mention his 2020 campaign material that he had swiftly done before his tariffs made them too expensive.

ChiForex

Jul 3, 2019 2:21pm

Quoting OnlineAddict

Disliked

{quote} USD is overvalued by 1000-2000 pips. The market will fix that in time...

Ignored

1000-2000 based on what?! History!!

Euro will collapse by time..most probable with the EU idea...

Jul 3, 2019 3:09pm

Quoting OutThere

Hidden

They were in power too long before. And they are still in power in certain states, like Cali, which is why its becoming such a dump in the recent decade.

How is Trump blocking people from having other opinions? Check social media...facebook, instagram, twitter...they ban conservatives all the time and keep liberals even if they attack in the same way. Thats fascism, just showing the opinions that suit them and silence the others.

Jul 3, 2019 3:09pm

Quoting ChiForex

Disliked

{quote} 1000-2000 based on what?! History!! Euro will collapse by time..most probable with the EU idea...

Ignored

No, chart. Technically dollar will drop towards 75-77 long term, if you like it or not.

auricforecas

Jul 3, 2019 3:12pm

It's funny... he is for joining the manipulation game (openly) instead of trying to stop/prevent/limit it...
What he is suggesting is no doubt very good thing for the economy (in a short term)... but disaster in the longer run.. But hey, if he doesn't do it now (and maybe jeopardise the elections).. the next guy will and take the TURBO BOOST credits

But yeah... I love how he understands the game (hopefully) and try to exploit it to his benefits

Mundo

Jul 3, 2019 12:14pm

Quoting OutThere

Disliked

{quote} How come no one has mentioned all the junk bonds that US has sold to China? Is it correct that the stronger USD is, the higher interest they have to pay on those bonds and the weaker USD is, the less interest? If that is the case , US should want a weaker currency. Can someone who knows about this stuff comment on China bonds please?

Ignored

Try these...

https://www.blackrockblog.com/?s=China+junk+bonds

https://fastinews.com/2019/04/08/chinas-junk-bonds-are-looking-more-and-more-attractive-to-some-investors/

Mundo

Jul 3, 2019 12:27pm

Quoting OutThere

Disliked

If he was so honest, he would tweet that he is fully in charge of transforming capitalism into fascism to counter its failures. China managed to dig itself out of having to deal with a starving population into a superpower but in that same span of time, US has descended to a point where it has to compete with a previously starving country. Desperate times call for desperate measures and Humpty Trumpy is the man for you to do it.

Ignored

...however; just like in the market, or life in general things do not move in a straight line. There will always be ups and downs.

Those who forget history are..just doomed...All superpowers/empires have met their end, there is always a change of guard...always. We might not like it or we might fight it, or even fall into denial, truth is it is as inevitable as death...

RossEdwards

Jul 4, 2019 6:41am

Quoting Haas9

Disliked

{quote} ..employee in china earn 100 dollar per month

Ignored

Correction: Average urban wage in China is over $11000 pa. (almost $1000 per month.).
Source: https://www.statista.com/statistics/278349/average-annual-salary-of-an-employee-in-china/

Jul 3, 2019 10:00am

Quoting NotAtrader

Disliked

{quote} Because the countries where EUR, AUD and GBP belong to, have much worse economy than what USA has.

Ignored

how about china?!!! take a look at the trade balance between china and us?!!! why must it be that negative? you think china productions are much better than us?! no, it's not like this buddy, they did it with devaluing currency, they make their productions more competitive with devaluing. don't you really accept this reality usd currently is too expensive? it seems obvious to me, let me ask you a question, at the moment, being expensive usd is in favor of us's economy or other countries? i think the answer is clear.

Jul 3, 2019 10:34am

Quoting JensOhle

Disliked

{quote} Come on, that's "market primary school" ... yield differentials, simple ... why should a currrency of a country should be valuable if it pays less interesst? ... Well, their could be other releveant (read: huge) reasons why "the world" wants to buy a low yielding currency. E.g. the country issues the reserve curreny of the world (EU: no, China: no) or the country runs a huge trade surplus and factors most of it in its currency (EU: not much, China: no) ... let me phrase it differently? Why should the world buy Euro when...

Ignored

populations: 500million, Eur is currency of 19 countries. Europe has been one of the best place for investing, therefore there is always demand for investing in there. besides that, Europe is one of the most lovely places for tourism industry, it's obvious there will always be demanding for Eur, INDEED, Eur has always its own demand. the good state of trade balance and tourism industry in Europe is because of being low Eur. devaluing currency is one of the best policy in our competitive world, china, Europe and a few more countries use it properly

Jul 4, 2019 4:27am

Quoting Haas9

Disliked

{quote} Trade balance is negative cause employee in china earn 100 dollar per month i don't know if employers in USA are ready to earn 100 dollar per month and live like chinese people so they can produce cheaper products.

Ignored

tell me please, why must ￥/$ be too low? do you think china's economy is that weak? there isn't enough exchange reserves and gold in china? not of course, so why should it be?
not true what you are saying. average wage is between 8000-10000$ per month in china. it's more than the average of global wage.

blackjacker

Jul 3, 2019 5:45pm

Quoting ChiForex

Disliked

{quote} 1000-2000 based on what?! History!! Euro will collapse by time..most probable with the EU idea...

Ignored

Who told you EU idea is going to collapse, you speak brainwashed-ish political stuff now. EU is stronger than ever even if some indicators dont say so, like each union there is some disagreement but it is not hidden from the people and the media. Unlike some other places ruled by dictators.

blackjacker

Jul 4, 2019 6:55am

Quoting RossEdwards

Disliked

{quote} Correction: Average urban wage in China is over $11000 pa. (almost $1000 per month.). Source: https://www.statista.com/statistics/278349/average-annual-salary-of-an-employee-in-china/

Ignored

He is posting fake info trying to create some sort of fake news, why do you pay him attention at all.

XuMar

Jul 3, 2019 9:36am

Trump: "we should match"
Fed: okay, let's we cut rate
USD: I'm going to jump that hole

Aldro

Jul 3, 2019 3:13pm

I think Trump's focus is mostly on trade balances and equities appreciation, and that this type of tweet attempts to influence future Fed rate decisions, which may not take any notice of his views - so it could be seen as attempted manipulation.

If the Fed does take notice we will see it coming in policy adjustments and members' rhetoric.

JensOhle

Jul 3, 2019 9:25am

Cry, baby, cry. I guess you believe it yourself, right?! ;-)

Bakker

Jul 3, 2019 10:08am

What Trump calls currency manipulation isn't what it is. He can do the same if he wish to, if he wants to hurt his economy.

Ken A

Jul 3, 2019 11:47am

Trump is just being honest in describing US monetary policy since 1913 in one tweet

ChiForex

Jul 3, 2019 3:33pm

Quoting OnlineAddict

Disliked

{quote} No, chart. Technically dollar will drop towards 75-77 long term, if you like it or not.

Ignored

Lol..if you mean EurUsd 0.75 yes most probable😀🤑👍

Jul 3, 2019 3:36pm

Quoting ChiForex

Disliked

{quote} Lol..if you mean EurUsd 0.75 yes most probable😀🤑👍

Ignored

We will see.

Jul 3, 2019 12:28pm

look who is talking

Jul 3, 2019 9:26am

Mad man

Jul 3, 2019 10:40am

Meanwhile, I noticed that every 17:00 EET on selected day by them, something's weird will happen. No matter what Pairs you on it.

nahman

Jul 3, 2019 5:47pm

Quoting ffmonry

Disliked

sell sell euro 1.1000 next week

Ignored

a lot of deals between in china and usa are in USD. No exchange so doesn't matter where the USD goes.

foto

Jul 3, 2019 9:34am

Yes Mr. President this has been going on for decades.
Either attempt to play the same game OR unleash America and let the Horses Run.
Are you afraid of offering entrepreneurs the room to let loose or have you surrounded yourself with advisors who have no belief in the Power of American innovators.
You were elected to unleash America and break with the World system. Yet at the G20 all you wanted to do was cut deals.

Muhammedfx

Jul 3, 2019 10:29am

I think he is correct. all world currencies are undervalued at this point of time and it continues, this mad race of weakening own currency is SO FUCKING annoying.

it's like making our own currency look like a beggar in front of the world.

what kind of fucked up policies they are applying which wants their own money to look weak.

pmvvenancio

Jul 3, 2019 10:06pm

Quoting Mundo

Disliked

{quote} ...however; just like in the market, or life in general things do not move in a straight line. There will always be ups and downs. Those who forget history are..just doomed...All superpowers/empires have met their end, there is always a change of guard...always. We might not like it or we might fight it, or even fall into denial, truth is it is as inevitable as death...

Ignored

Greatest?

mrlfx

Jul 3, 2019 10:24pm

Quoting OutThere

Disliked

If he was so honest, he would tweet that he is fully in charge of transforming capitalism into fascism to counter its failures. China managed to dig itself out of having to deal with a starving population into a superpower but in that same span of time, US has descended to a point where it has to compete with a previously starving country. Desperate times call for desperate measures and Humpty Trumpy is the man for you to do it.

Ignored

China starving during 1958-62 famine I think is media exagerration, primarily because I have never seen a famine afflicted Chinese with wasted and bonny body. So, without becoming wasted and bonny, how could anyone die of starvation!

mrlfx

Jul 3, 2019 10:27pm

Trump after incurring a huge budget deficit of around $1 trillions is now trying to blame others to further print more dollar.
Its best dollar die as an international reserve currency and return to gold standard.

bshappens

Jul 4, 2019 2:54am

Quoting sadeghi

Disliked

trump is absolutely right, why should eur, aud, gbp and other currencies agains usd be too low? i can't get its reason, there is only one reason: manipulation.

Ignored

Perhaps you're right... in this case FED should buy more EURO notes. But... it's not buying...

mrlfx

Jul 4, 2019 4:15am

Quoting Haas9

Disliked

{quote} Trade balance is negative cause employee in china earn 100 dollar per month i don't know if employers in USA are ready to earn 100 dollar per month and live like chinese people so they can produce cheaper products.

Ignored

China is starting to have negative overall trade balance now. 2019 May I guess was - $28 billions.
Also, in China, minimum salary is around $500 monthly.

bshappens

Jul 4, 2019 6:39am

Quoting mrlfx

Disliked

{quote} China is starting to have negative overall trade balance now. 2019 May I guess was - $28 billions. Also, in China, minimum salary is around $500 monthly.

Ignored

It's usually not how much you're paid for your work but rather how much you can buy with these earnings.

Jul 3, 2019 9:27am

Mad Donnie

Jul 3, 2019 9:50am

Donny Strikes Again

Jul 3, 2019 3:19pm

What the fucking he talked?

bshappens

Jul 4, 2019 3:02am

Quoting Bakker

Disliked

What Trump calls currency manipulation isn't what it is. He can do the same if he wish to, if he wants to hurt his economy.

Ignored

He can't... only the FED can.

Ghass1234

Jul 3, 2019 12:12pm

Quoting Ken A

Disliked

Trump is just being honest in describing US monetary policy since 1913 in one tweet

Ignored

Really why Eur is still low like that ?

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