President Trump Will Not Devalue USD in Trade Dispute with China, the Fed Should Lower Interest Rates …

President Trump Will Not Devalue USD in Trade Dispute with China, the Fed Should Lower Interest Rates …

$USD Friday, President Trump said he will not devalue the USD in the US trade dispute with China. “No, we do not have to,” President Trump said when asked whether he plans to devalue the Greenback, though he added that if the Fed were to cut interest rates it “would automatically bring down the dollar […]

IMF: USD Overvalued

IMF: USD Overvalued

$USD, $EUR, $JPY, $CNY International Monetary Fund (IMF) said Wednesday the USD is overvalued by 6% to 12%, based on near-term economic fundamentals, while the EUR, the JPY, and China’s RMB Yuan were seen as broadly in line with fundamentals. The IMF has been at odds with President Trump over his use of tariffs to […]

Investors Want a Weaker USD, They Must be Patient for the ‘Buck’ to Weaken

Investors Want a Weaker USD, They Must be Patient for the ‘Buck’ to Weaken

$USD The Fed’s Beige Book was released Wednesday showing the US economy continues to be performing strongly. Manufacturing was stronger, employment remains strong across the economy, but bad weather and bad politics have taken their toll. On the latter, 50% of the reporting areas said that the government partial shutdown had been hurting local growth. […]

US Dollar (.DXY) Falls on Treasury Secretary’s Welcome in Davos

US Dollar (.DXY) Falls on Treasury Secretary’s Welcome in Davos

US Dollar (.DXY) Falls on Treasury Secretary’s Welcome in Davos $DXY The US Treasury boss has welcomed a weaker Buck, breaking with a past commitment by the US government to back a strong USD. His comments in Davos, CH led to a sharp sell off Wednesday marking a 3 year low.  US Dollar (.DXY) Index […]

“Do Not Be Fooled, There is No Economic Recovery”

“Do Not Be Fooled, There is No Economic Recovery”

“Do Not Be Fooled, There is No Economic Recovery” $GLD Peter Schiff, CEO of Euro Pacific Capital, advises that savvy investors should not be fooled by reports of any economic recovery. And the same investors should continue to buy Gold despite the pullback. “I’m certain that all this talk about a recovery is wrong,” Mr. […]