Donald Trump And The Fed Are Destroying The U.S. Dollar

Donald Trump And The Fed Are Destroying The U.S. Dollar

From forbes.com

It's been an historic week for the U.S. with president Donald Trump signing a record $2.2 trillion coronavirus-induced emergency stimulus package. The massive cross-party rescue deal is designed to help Americans and businesses cope with the economic shutdown caused by the coronavirus COVID-19 pandemic. The U.S. dollar has taken a beating, however, dropping almost 4% against a basket of currencies this week—its biggest weekly loss since the height of the global financial crisis over 10 years ago. This week's losses come on the back of the dollar index's biggest weekly gain since the financial crisis, with the ... (full story)

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Mar 29, 2020 8:19am

Quoting BiteFX

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Until then...April 12, Buy XAUUSD, make money.

Ignored

It´s tough to trade gold these days when the spreads can shoot into double-digits and quotes are offered 5 minutes apart. To me, XAU is presently not tradeable on a short-term time horizon, at least not with any lot size that makes it worth the bother.

Sunnyland

Mar 29, 2020 11:29am

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Dollar is the measurement of produced goods in the world and can`t be crashed.

vikinsa

Mar 29, 2020 9:19am

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EURUSD is going to be very bullish in coming months and as DXY (Dollar index) almost inversely correlated to EURUSD, DXY is expected to go down. Here are my analysis on both:

https://www.youtube.com/watch?v=7ydeCXyStOg

https://www.youtube.com/watch?v=AgtTqzkMTRU

BiteFX

Mar 29, 2020 10:28am

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Quoting bdwight1

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{quote} It´s tough to trade gold these days when the spreads can shoot into double-digits and quotes are offered 5 minutes apart. To me, XAU is presently not tradeable on a short-term time horizon, at least not with any lot size that makes it worth the bother.

Ignored

Yes, You're right.
XAUUSD chart shows a confused movement...But, we just have to go with the

ish long term view of the market with small lot sizes as you have said.

Not-KPMG

Mar 29, 2020 1:31pm

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Nooooooo

Think of it....

Group of animals is what....??
We are all familiar with a Herd of cows, a Flock of chickens, a School of fish .... a Pride of lions, ..

Now consider a group of Baboons. They are the loudest, most obnoxious, most viciously aggressive and least intelligent of all monkeys ..

And what is the proper collective noun for a group of baboons?
Believe it or not ……. a Congress!

I guess that pretty much explains the things

Not-KPMG

Mar 29, 2020 1:32pm

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Quoting Sunnyland

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Dollar is the measurement of produced goods in the world and can`t be crashed.

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By this logic AIR can't be compressed or vacuumed.....

Oh wait

countaccrue

Mar 29, 2020 9:16pm

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Institutional conglomerates saturated with USD will be scratching their heads as they try to stave off a US Dollar vs. major exchange rate correction. A terrible act perceived by a horrible mind.
- Vlad